HFF Brokers $68.8M Sale of Retail Portfolio in Miami Beach
MIAMI BEACH, FLA. — HFF has arranged the sale of a seven-property retail portfolio located in Miami Beach’s Sunset Harbour neighborhood. Manny de Zárraga, Luis Castillo and Daniel Finkle of HFF arranged the transaction on behalf of the seller, Scott Robins Cos. Charlotte-based Asana Partners acquired the assets for $68.8 million, according to the Miami Herald. The portfolio includes single- and multi-tenant properties located at 1900, 1916 and 1930 Bay Road; 1787, 1929 and 1919 Purdy Ave.; and 1935 West Ave. The portfolio was fully leased at the time of sale to tenants such as NaiYaRa, Lucali, DIRT, SHIFT, Barry’s Bootcamp and Flywheel Sports.