Moishe Mana adds to Flagler Street assemblage

A Mana-led company paid $5.1M for the 14,400-square-foot site

Feb.February 24, 2015 01:30 PM

Israeli investor Moishe Mana picked up another Flagler Street property in downtown Miami, Sterling Equity Commercial announced in a press release.

Jersey Art Holdings, linked to Mana, paid $5.1 million for the Thomas Center at 172 West Flagler Street and the adjacent building at 21 Southwest Second Avenue on Feb. 20. 

The seller, Flagler Station Partners had paid $2.9 million for the 26,083-square-foot and 6,278-square-foot buildings in January 2014, Miami-Dade County property records show.

Mika Mattingly and Shai Ben-Ami of Sterling Equity Commercial represented Jersey Art Holdings, the Mana-led company, in the sale of the 14,400-square-foot site. Ryan Shaw of Marcus & Millichap represented the seller.

Mana has yet to release his plans for the portfolio of land he’s assembled in downtown Miami, which totals nearly $75 million and 4.5 acres. Mattingly told The Real Deal that he’s closing a few more deals in the area and has a development team on the ground.

“Mr. Mana is nearing his finale in a well-orchestrated assemblage,” she said in a statement.

In early February, he acquired a 15,000-square-foot site at 140 North Miami Avenue for $7.75 million.

Related Articles

Moishe Mana and 25 West Flagler Street

Moishe Mana buys City National Bank building in downtown Miami

Moishe Mana and a rendering of 420 South Hibiscus Drive (Credit: Getty Images and iStock)

Moishe Mana sells Hibiscus Island home for $12M

The front entrance of the Seybold building at 36 N.E. First Street

Diamonds aren’t forever: Seybold Building jeweler claims owner won’t relocate his store

Moishe Mana and a map of the project

Mana Group reveals timeline for downtown Miami plans

Ross Dress for Less

Ross Dress for Less signs lease at historic former Burdines building in downtown Miami

Brickell office skyline (Credit: iStock)

Office construction in Miami hits a new record

275 Northeast First Street and Sergio Rok (Credit: Google Maps)

Sergio Rok adds to downtown Miami portfolio

From left: Moishe Mana, Francis Suarez and a rendering of Flagler Street redevelopment

Funding in hand, downtown Miami Flagler Street project moves forward