CBRE Arranges $27 Million Sale of Downtown Miami Retail Building

by Scott Reid

Miami — CBRE has arranged the $27.2 million sale of Vizcayne Retail, 55,000-square-foot of ground-floor retail plus 126 dedicated parking spaces located at the base of two 49-story condominium towers in downtown Miami.

The property was acquired by an affiliate of Stoltz Real Estate Partners, based in Bala Cynwyd, PA. CBRE’s National Retail Investment Group in Florida, led by executive vice presidents Casey Rosen and Dennis Carson, exclusively represented the seller, an affiliate of Rockwood Capital. 

Built in 2008, Vizcayne Retail was 68 percent leased at the time of sale by tenants including CVS and The Learning Experience. Vizcayne Retail is located directly opposite the future site of SkyRise Miami.

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