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CBRE to Manage, Lease Miami Beach Asset

By Tony Seruga

The mixed-use building recently changed hands, with CBRE Global Investors and Universal-Investment purchasing the property on behalf of Bayerische Versorgungskammer.

CBRE has been selected to provide property management and leasing services for a 146,327-square-foot, Class A mixed-use building in Miami Beach, Fla. The property, known for its parking garage designed by Herzog & de Meuron, encompasses 94,488 square feet of creative office space and 51,839 square feet of premier retail and restaurant space.

Located at 1111 Lincoln Road on the corner of Alton and Lincoln Road, the property recently traded in a $283 million deal. CBRE Global Investors and Universal-Investment acquired the fully leased asset on behalf of Bayerische Versorgungskammer, one of Germany’s largest institutional investors…

CBRE to Manage, Lease Miami Beach Asset

Categories : Commercial Real Estate

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