MIAMI—GlobeSt.com first reported on the largest Florida retail acquisition of 2012 on Tuesday. More details have emerged on the deal of the year.
Affiliates of Terranova Corporation and Acadia Realty Trust bought a three-building retail portfolio on Miami Beach's Lincoln Road for $139 million. RKF and Ackman-Ziff arranged the record sale on behalf of the seller, South Beach Tristar Capital.
The portfolio consists of properties located at 719-737, 801-821 and 826-838 Lincoln Road in the heart of Miami's South Beach district. Current tenants in the fully-occupied portfolio include Aldo, Solstice, Score, Tiramesu, Spris, Fossil, Kiehl's, SOBE, Steve Madden, and the new Dylan's Candy Bar, among others.
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