VORNADO BUYS FLA. RETAIL PROPERTY FOR $132M

by admin

MIAMI BEACH, FLA. — Vornado Realty Trust has acquired the 167,000-square-foot 1100 Lincoln Road, a retail property located in Miami Beach, for $132 million. The property, which was acquired through Vornado Capital Partners LP., is 97 percent leased and tenants include Regal Cinemas, Anthropologie and Banana Republic. The acquisition was partially funded by a new $66 million mortgage loan.

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