Falcone Group-led JV pays $210M for Miami Worldcenter’s retail district
Art Falcone is switching up partners at Miami Worldcenter’s retail and entertainment component, teaming up with ROK Acquisitions, Andrew Mirmelli, The Davis Companies and Jamestown to acquire the 27-acre open-air plaza in downtown Miami. Miami Worldcenter Associates, a partnership between Falcone, Nitin Motwani and Los Angeles-based CIM Group, sold five parcels and two garages within the $6 billion master-planned community to the joint venture led by Boca Raton-based Falcone Group, a news release states. The joint venture paid $210 million, according to Newmark. The brokerage’s Eric Williams and Adam Spies represented the seller, and Conor Lalor, also with Newmark, advised […]This article originally appeared on The Real Deal. Click here to read the full story.
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