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Commercial Real Estate Tips From Marcus & Millichap

Marcus & Millichap Brokers Sale of Retail Center in Midtown Miami

| SFBW Staff

Marcus & Millichap (NYSE: MMI) helped negotiate the sale of the 17-suite Midtown Miami retail portfolio for $23 million or $922.77 per square foot. Alex Zylberglait, CCIM, Alejandro D’Alba and Scott Sandelin had the exclusive listing to market the property on behalf of the seller, Block Capital Group, led by principals Gustavo Miculitzki and Martin Miculitzki. The German buyer, Rüger Holding KG, headed by René Gerdom, was also procured by Zylberglait, Sandelin and D’Alba. Marcus & Millichap Capital Corporation’s Robert Bhat, senior vice president, arranged acquisition financing.

“As a listing team, we ran a comprehensive marketing campaign that yielded offers from qualified international, national and local buyers, which led to a full list price sale,” D’Alba says, a Senior Associate at Marcus & Millichap’s Miami office. 

The Midtown Miami retail portfolio consists of two buildings totaling 24,925 square feet of gross leasable space on a 40,700-square-foot lot that includes 30 dedicated parking spaces. The neighboring properties are located at 3300 N Miami Ave. and 30 NW 34 St. The properties are east of I-95 between the Miami Design District, Wynwood Arts District and the Arts Center. The retail center is occupied by many tenants, including Citi Bank, 305 Kicks, Calligaris, Wynwood Tattoo and Galerie Monnin.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.