RK Centers Buys Arena Shops in North Miami for $32.5M
RK Centers, led by Raanan Katz, paid $32.5 million for Arena Shops, a fully leased retail center at 14750 Biscayne Boulevard in North Miami.
RK Centers, led by Miami Heat co-owner Raanan Katz, has acquired Arena Shops, a fully leased retail center at 14750 Biscayne Boulevard in North Miami, for $32.5 million. The deal closed October 22.
The seller, Edens Investment Trust, paid $25 million for the property in June 2012. JLL Capital Markets brokers Danny Finkle, Jorge Portela and Jacob Wise represented Edens.
The 37,135-square-foot center is anchored by Total Wine & More, with Chipotle Mexican Grill, T-Mobile and Tatore Miami also on the roster. Built in 1993, it was renovated in 2006.
The property sits adjacent to the $4 billion SoLē Mia mixed-use development.
- Address
- 14750 Biscayne Boulevard, North Miami, FL
- Sq ft
- 44,660
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