Moishe Mana’s downtown Miami property buying spree continued with the $7.3 million acquisition of a 1950s-era retail building.
The Israeli businessman purchased the 27,000-square-foot building at 55 Northeast 1st Street in a transaction that closed on Tuesday, according to an announcement from Sterling Equity Commercial, which represented Mana’s Jersey Art Holdings. Miami-based Aaron Realty sold the property to Jersey Art. The deal has not been recorded by Miami-Dade County.
Since the beginning of August, Mana has assembled more than 240,000 square feet of retail space in Miami’s urban core.
Mika Mattingly of Shai Ben-Ami of Sterling represented Mana’s company in the purchase. — Eric Kalis