The Real Deal Miami

Moishe Mana grabs another downtown Miami property

Israeli businessman now has 240,000 square feet of retail in city's urban core
The Flagler Jewelry Center and Moishe Mana

The Flagler Jewelry Center and Moishe Mana

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