Massa Investment pays $11.5M for retail space at Axis Brickell

The retail space houses Marion Miami and El Tucan

TRD MIAMI /
Dec.December 26, 2018 12:30 PM

Mathieu Massa and the Axis Brickell

UPDATED, Jan. 11, 4:22 p.m.: A company tied to Massa Investment Group just paid $11.5 million for retail space at Axis Brickell in Miami, records show.

Lmnr Axis Properties LLC, which is managed by Menin Hospitality’s Keith Menin, sold 18,157 square feet of retail space on the first and second floors of the north tower at 1111 Southwest First Avenue.

The property houses Marion Miami and El Tucan, according to a spokesperson. Mr. Hospitality Management Inc. manages the restaurant and lounge.

Massa Investment Group, led by Mathieu Massa, secured a $9.2 million mortgage from IberiaBank to purchase the property, records show.

Keith Menin and his cousin Jared Galbut, who is the nephew of Miami Beach developer Russell Galbut, founded Menin Hospitality in 2009. Menin Hospitality redeveloped a number of South Beach hotels, including the Bentley South Beach, Shelborne South Beach and Gale South Beach.

Axis Brickell was built in 2008 and developed by Brack Capital Real Estate.

An earlier version of this story incorrectly identified the square footage and tenants. 


Related Articles

arrow_forward_ios
La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

Rendering of Virgin Hotels Miami and Richard Branson (Credit: Getty Images)

Richard Branson’s Virgin Hotels unveils plans for first Miami hotel, co-living included

Daily Digest Miami

PurduePharma family behind office purchase in downtown West Palm, Dwyane Wade wants out of Miami Beach manse: Daily digest

Boynton Commons and InvenTrust Properties Corp CEO Tom McGuinness (Credit: Google Maps and InvenTrust)

Carlyle Management pays $50M for Boynton shopping center

Babylon Apartments and Francisco Martinez-Celeiro (Credit: Google Maps and Wikipedia)

Showdown in Miami? Spaghetti Western star loses Brickell upzoning battle

Brickell House and Harvey Hernandez

Brickell House condo association scores $41M over failed parking garage

Daily Digest Miami

Keith Menin snags a home on North Bay Road, Brickell Flatiron commercial space buyer seeks court-ordered discount: Daily digest

Keith Menin, Nelson Gonzalez and 2318 North Bay Road

Keith Menin buys North Bay Road home for a big discount

arrow_forward_ios