MIAMI BEACH, FLA. — Clarion Partners has purchased the leasehold interest in The Lincoln, a 161,824-square-foot mixed-use property in Miami Beach. HQ Capital Partners LP sold the five-story building for $109 million, according to The Real Deal. Built in 2003, the property was 94 percent leased at the time of sale to eight retailers including Pottery Barn and Williams Sonoma and 31 office tenants including Morgan Stanley and OnBoard Media. The Lincoln comprises 43,166 square feet of ground-floor retail space, 118,658 square feet of Class A office space and a 709-space parking structure. Christian Lee, Jose Lobon, Andrew Chilgren, Charles Foschini and Christopher Apone of CBRE collaborated with Stephen Rutchik and Jonathan Kingsley of Colliers International to represent HQ Capital Partners in the transaction.
The Lincoln was 94 percent leased at the time of sale to eight retailers including Pottery Barn and Williams Sonoma and 31 office tenants including Morgan Stanley and OnBoard Media.
Clarion Partners Purchases The Lincoln in Miami Beach from HQ Capital Partners for $109M
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