TriCap asks $100M for Lincoln Road building with tenants Mila, Lululemon

TriCap’s retail building on Lincoln Road that houses Lululemon and Greg Galy’s Mila is up for sale with a nine-figure price tag as transactions on the Miami Beach retail corridor heat up. Newmark’s Adam Spies, Marcella Fasulo and Benjamin Lushing are marketing the 32,100-square-foot property at 800 Lincoln Road with a $100 million asking price, according to sources familiar with the matter. The brokerage declined to comment.  The asking price breaks down to $3,111 per square foot, which is 12.5 percent higher than the $2,744 per square foot, or $88.2 million New York-based TriCap paid in October 2015, records show.  […]

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