M&M BROKERS $18.1M SALE OF SOUTH BEACH RETAIL PORTFOLIO

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MIAMI BEACH, FLA. — Marcus & Millichap has arranged the $18.1 million sale of a seven-property retail portfolio in Miami Beach's South Beach neighborhood. The portfolio totals 43,000 square feet and includes six properties on the Alton Road corridor and one property at Collins Avenue and 73rd Street. The tenants include Panera Bread, Papa John's Pizza, Alex Linens, Beach Food Market, Lambs Laundry, Nu Art Signs and Provecho Bistro Latino. Drew Kristol and Kirk Olson of Marcus & Millichap's Miami office represented the seller, Twin City Realty LLC, and the buyer, a local family trust, in the transaction.

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