Lagunitas Brewing Co. buys Wynwood property

The company's presence adds to an increasing number of breweries in the area

TRD MIAMI /
May.May 04, 2018 11:30 AM

Lagunitas beer over the building at 50 Northeast 25th Street (Credit: Edwin via Flickr)

A major brewer out of California is tapping into Wynwood.

Lagunitas Brewing Company affiliate Cerveceria La Tropical USA LLC paid $10.53 million for a warehouse at 42 and 50 Northeast 25th Street, adding to a growing list of breweries in the neighborhood.

The seller was Kaco Afe LLC, a company owned by Karen Cohen of Always Flowers. The building sits on a 28,400-square-foot lot and includes parking.

Heineken International closed on full ownership of the brewery last year, and as a result, Lagunitas is no longer considered a craft brewery.

Other breweries in the area include Wynwood Brewing Company and J. Wakefield Brewing. Concrete Beach Brewery, which is owned by Samuel Adams’ parent company Alchemy & Science, opened in an 11,000-square-foot warehouse in 2015 at 235 Northwest 24th Street.

Last year, Anheuser-Busch’s Veza Sur opened a 3,800-square-foot brewhouse and taproom at 55 Northwest 25th Street.

Cohen of Always Flowers paid about $2.2 million for the 22,000-square-foot warehouse in 2011, according to property records. That means she sold it for nearly five times the price she paid seven years ago.

Lagunitas has taprooms in Chicago, Seattle and at its headquarters in Petaluma, California, according to its website.


Related Articles

arrow_forward_ios
From top left, clockwise: Wynwood 28, the Allapattah apartment building, Miami Riverside Center, and the Target-anchored mixed-use project in Miami’s Overtown

Mixed-use projects from Swerdlow, Kushner, TSG Group proposed in Miami

Wynwood 25 and Wynwood Annex with Jon Paul Perez and Jonathon Yormak (Credit: East End Capital/Related Group)

Related, East End score $136M refi of Wynwood projects

David Edelstein and a rendering of the Wynwood site

David Edelstein sells Wynwood site to AMLI for $35M

Kobi Karp and the Miami Ad School property (Credit: Wikipedia)

Architect Kobi Karp buys Miami Ad School in Wynwood

Gateway at Wynwood and Rose & Berg Realty Group's Aron Rosenberg

Gateway at Wynwood scores $76M loan

Kris Hinson, Miguel Pinto, 2210 Northwest Miami Court (Getty Images)

Porn king scores Wynwood development site

Grails Sports Bar, Tony Arellano and Devlin Marinoff

Grails Sports Bar buys its Wynwood building

Rendering of Shepherd Eco Wynwood

Eco-friendly Wynwood hotel planned for Art by God site

arrow_forward_ios
Loading...