MIAMI—Vornado Realty Trust is on a major retail acquisition roll. Beyond acquiring 666 Fifth Retail for $707 million, the REIT also acquired a prime South Beach retail building just days ago.
Vornado Realty Trust’s 25% owned real estate fund, Vornado Capital Partners, just acquired 1100 Lincoln Rd., a 167,000-square-foot retail property in Miami Beach, for $132 million. 1100 Lincoln Road is the western anchor of the Lincoln Road shopping district .
Vornado could not immediately be for comment. But GlobeSt.com caught up with
Carter McDowell, partner at Bilzin Sumberg and local counsel to Vornado on the Lincoln Road transaction.
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