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
Foyer Wynwood and Jonathon Yormak

East End Capital scores approval for co-living project in Wynwood

East End Capital scores approval for co-living project in Wynwood
From left: Erik Rutter, David Weitz, David Levinson and Robert Lapidus, with 95 Northwest 29th Street (Credit: Google Maps)

Luxury office, resi project planned for former Rubell museum in Wynwood

Luxury office, resi project planned for former Rubell museum in Wynwood
Alex Karakhanian and Chaim Cahane with 48 Northwest 25th Street

Alex Karakhanian sells Wynwood property for $17M

Alex Karakhanian sells Wynwood property for $17M
Jorge Pérez and Jon Paul Pérez with the Wynwood properties

Related Group pays $19M for Wynwood development site

Related Group pays $19M for Wynwood development site
From left: David Weitz, Steve Wernick, Michael Lirtzman, Joe Furst, and Erik Rutter

Silicon Valley heads to Wynwood’s office market

Silicon Valley heads to Wynwood’s office market
Stuart Miller, Wynwood Green

Lennar scores $45M construction loan for Wynwood apartment project

Lennar scores $45M construction loan for Wynwood apartment project
Wynwood 25

Wynwood BID proposes to allow outdoor music until 3 a.m.

Wynwood BID proposes to allow outdoor music until 3 a.m.
Rendering of East End Capital

East End Capital launches co-living platform with first project in Wynwood

East End Capital launches co-living platform with first project in Wynwood
arrow_forward_ios

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

Loading...