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

September 25, 2014 12:00PM

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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