Pebb, Jeff Sutton, Lane Capital join forces in $73M Miami Design District buy

Jeff Sutton is planting a flag in Miami’s Design District by teaming up with Pebb Capital and Lane Capital Partners to acquire a fully leased mixed-use building for $72.5 million. The joint venture, including Sutton’s New York-based Wharton Properties, acquired the seven-story Design 41 at 112 Northeast 41st Street in Miami’s high-end shopping district, according to a news release. Boca Raton-based Pebb Capital is led by Todd Rosenberg and New York-based Lane Capital is led by Alan Leavitt.  Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors brokered the transaction, representing the buyer and the seller, Design District Development Partners, […]This article originally appeared on The Real Deal. Click here to read the full story.