Aventura Mall owners Turnberry and Simon grow holdings with $131M purchase of Esplanade project
Aventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store. Aventura-based Turnberry, led by Jackie Soffer and Indianapolis-based Simon, led by CEO David Simon, bought the previously named Esplanade at Aventura, a 219,000-square-foot mixed-use project at 19505 Biscayne Boulevard, according to a press release. New York-based Seritage Growth Properties, led by interim CEO Adam Metz, sold the property for $131 million, a source confirmed. Bloomberg first reported the deal. Turnberry and Simon rebranded the project to the Abbey at Aventura, which is directly next to […]This article originally appeared on The Real Deal. Click here to read the full story.
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