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Two Rare Miami Trophy Retail Assets Trade Hands

MIAMI— “It is rare to find a net-leased trophy asset within the Collins Fashion District.”

By Jennifer LeClaire | Updated on March 18, 2015

MIAMI—Private real estate investors are digging into Miami retail real estate. Shoppes of Coral Way just sold for $21.015 million and Victoria’s Secret South Beach sold for $24.75 million.

Shoppes of Coral Way is a 48,993-square-foot shopping center in Miami. The sale price equals $429 per square foot. Victoria’s Secret South Beach sold for a whopping $1,885 per square foot.

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