The Real Deal Miami

Miami investor pays $22M for downtown properties in Gainesville

Mordechi Boaziz also acquired other Gainesville properties in the last two years for at least $8 million
January 07, 2018 09:05AM

Mordechai Boaziz (Credit: Flickr)

A Miami investor paid $22 million for a portfolio of eight properties in downtown Gainesville.

Mordechi Boaziz of Maverick Investments bought a portfolio that includes Sun Center, a mixed-use development with condos and offices, and an office building occupied by the state Department of Corrections.

The eight-property portfolio in downtown Gainesville also includes 32 units at Palm Condominiums, offices at a mixed-use development, Union Street Station, and a nearby parking garage, plus Midnight Café, a restaurant and bar. 

The sellers of the eight-property portfolio, husband-and-wife team Ken and Linda McGurn, have sold other properties in downtown Gainesville to Boaziz in the last two years for at least $8 million. These include a parking lot in front of the Hippodrome State Theater, an office building occupied by Wells Fargo, and a residential development called Oakbrook Walk Condominiums.

The Gainesville Sun reported that Boaziz was unavailable for comment, but in an email exchange, Ken McGurn told the newspaper the Miami investor and his partners “plan on investing heavily in the downtown” and have considered building a new six-story hotel or mid-rise condominium there. [Gainesville Sun] Mike Seemuth