Moishe Mana makes big downtown Miami purchase

Miami /
Aug.August 05, 2014 11:15 AM

A company controlled by Moishe Mana picked up 107,000 square feet of retail space on downtown Miami’s Flagler Street in three transactions totaling more than $21 million, The Real Deal has learned.

Mana’s 141 East Flagler LLC acquired a trio of retail properties, including the 73,000-square-foot 777 International Mall, in deals recorded on Monday, according to Miami-Dade County records. The seller is 777 International Mall Inc., which is managed by Marlon Avneri. The Miami-based company gave 141 East Flagler a $14 million mortgage as part of the transaction.

The 777 International building at 141 East Flagler Street is anchored by Payless ShoeSource. It was originally constructed in 1947 as the Miami Theatre. Mana’s acquisition also included a 9,000-square-foot building at 130 East Flagler Street and more than 25,000 square feet at 134 East Flagler Street.

Downtown Miami’s main block, Flagler Street is poised for a major revamp after Miami-Dade commissioners approved funding nearly half of a $13 million improvement plan last month. The City of Miami is matching the county’s contribution, with downtown property and business owners covering the remaining $1 million.

Mana is also active in Miami’s Wynwood neighborhood, where he is planning a large arts-oriented project on 25 acres. The Israeli entrepreneur is in the midst of heated litigation with former business partner Tony Cho, the founder and president of Metro 1. The two are suing each other over a Wynwood property sale.


Related Articles

arrow_forward_ios
Nicky Jame and One Thousand Museum (Getty, One Thousand Museum)
Reggaeton artist Nicky Jam picks up downtown Miami condo
Reggaeton artist Nicky Jam picks up downtown Miami condo
48 and 76 East Flagler Street with Moishe Mana (Google Maps)
Moishe Mana’s downtown Miami buildings declared unsafe, ordered evacuated
Moishe Mana’s downtown Miami buildings declared unsafe, ordered evacuated
1301 North Miami Avenue with Martin Melo and Carlos Melo (Google Maps)
Melo Group pays $17M for assemblage north of downtown Miami
Melo Group pays $17M for assemblage north of downtown Miami
Rendering of the Legacy Hotel & Residences and exam room (Legacy Hotel & Residences)
Lease roundup: Blue Zones to run Legacy Hotel & Residences health and wellness hub at Miami Worldcenter & more
Lease roundup: Blue Zones to run Legacy Hotel & Residences health and wellness hub at Miami Worldcenter & more
East End Capital founders and managing principals Jonathon Yormak and David Peretz with the tower (East End)
East End Capital execs illegally keeping $860K from Australian partner in Miami tower, lawsuit says
East End Capital execs illegally keeping $860K from Australian partner in Miami tower, lawsuit says
Brightline CEO Patrick Goodard with the Fort Lauderdale station (Brightline)
FECI obtains $200M in financing tied to sites near Brightline stations
FECI obtains $200M in financing tied to sites near Brightline stations
Federal prosecutors allege Naman Wakil laundered ill-gotten Venezuelan contracts with Miami area condo purchases (Getty)
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
Renderings of the approved tower
Lions Group NYC buys downtown Miami dev site to build apartment tower
Lions Group NYC buys downtown Miami dev site to build apartment tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...