MIAMI BEACH-Joint venture affiliates of Terranova Corporation and Acadia Realty Trust inked a three-building deal to acquire landmark retail properties on Lincoln Road. The $52 million deal includes 741 Lincoln Road, 600 Lincoln Road, and 723 North Lincoln Lane—and adds about 61,000 square feet to its growing urban street front retail portfolios.

Lincoln Road, an eight-block open-air pedestrian mall between Alton Road and Washington Avenue, features high-end restaurants, boutiques and entertainment. The street generates some of the highest per square foot sales in Florida as one of the only 24-hour retail destinations. The recent opening of the New World Symphony campus designed by Frank Gehry has helped spur a mini-boom at the street mall.


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.