MiMo gym bought for $3.9M

Company has bought multiple sites in the neighborhood

TRD MIAMI /
Dec.December 19, 2014 02:17 PM

A gym founded by a prominent Miami attorney was purchased for $3.9 million by Greenstreet Management of Miami, a Coconut Grove-based company that has been snatching up commercial properties in Miami’s MiMo neighborhood in the Biscayne Boulevard Historic District.

Greenstreet bought the Biscayne Boxing & Fitness Club at 7200 Biscayne Boulevard on Thursday.

The 6,701-square-foot building sits on a 14,250-square-foot plot of land. Lyle Chariff and Mauricio Zapata of Chariff Realty Group were the exclusive brokers of the deal, which amounted to $273.68 per square foot for the land and $582 per square foot for the building.

Thomas Tew, co-founder of the influential Brickell law firm Tew Cardenas, opened Biscayne Boxing in 2009. He later bought the property for $1.55 million in December 2012. His daughter closed the gym soon after Tew died of pancreatic cancer in January of this year. “We are going to divide the spaces and start leasing immediately,” said Chariff, whose company will head up leasing efforts for the property.  “The use will be retail or service related.”

In September, Greenstreet bought a 50-year-old, 21,454-square-foot building at 7300 Biscayne Boulevard and a 14,800-square-foot parking lot across the street from it from Debra Ohanian’s Hye Realty for $5.03 million. The building includes the iconic circa-1958 Coppertone billboard.

Two months later, Greenstreet purchased the 12,000-square-foot Mirabella retail building at 6101 Biscayne Boulevard for $5.8 million from attorney Jay Solowsky and restaurateur Steven Perricone.

Chariff and Zapata were the exclusive brokers for the Coppertone and Mirabella retail buildings as well. — Erik Bojnansky


Related Articles

arrow_forward_ios
Rail 71, Tony Arellano and Devlin Marinoff

Morgan Reed Group lists Rail 71 development for $33M

Morgan Reed Group lists Rail 71 development for $33M
Miami Design District (Credit: Miami Design District)

The Weekly Dish: Robuchon restaurants set Miami opening dates, new restaurants planned for MiMo & more

The Weekly Dish: Robuchon restaurants set Miami opening dates, new restaurants planned for MiMo & more
The Weekly Dish: Del Frisco’s steakhouse inks lease at Met Square & more

The Weekly Dish: Del Frisco’s steakhouse inks lease at Met Square & more

The Weekly Dish: Del Frisco’s steakhouse inks lease at Met Square & more
The Weekly Dish: El Bagel heads to MiMo, Blue Bottle shutters Miami locations & more

The Weekly Dish: El Bagel heads to MiMo, Blue Bottle shutters Miami locations & more

The Weekly Dish: El Bagel heads to MiMo, Blue Bottle shutters Miami locations & more
Developer of American Legion project in MiMo scores $51M loan

Developer of American Legion project in MiMo scores $51M loan

Developer of American Legion project in MiMo scores $51M loan
Alabama investor buys Shalimar Motel in MiMo

Alabama investor buys Shalimar Motel in MiMo

Alabama investor buys Shalimar Motel in MiMo
Avra Jain, with Dragonfly Investments, picks up another MiMo motel

Avra Jain, with Dragonfly Investments, picks up another MiMo motel

Avra Jain, with Dragonfly Investments, picks up another MiMo motel
New York firm scores loan for project in Miami’s Upper East Side

New York firm scores loan for project in Miami’s Upper East Side

New York firm scores loan for project in Miami’s Upper East Side
arrow_forward_ios

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

Loading...