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Sale of Valencia Coverings Building in Miami Nets Over $7 Million

| SFBW Staff

The Valencia Coverings building in Miami’s Little River Business District recently sold for $7.2 million. The 21,454-square-foot property sits on a 32,625-square-foot lot. The buyer plans to renovate the property slightly. ShadeMonster LLC will remain a tenant at the property and additional space will be available for rent. 

Gridline Properties, a full-service commercial real estate brokerage firm based in Miami, represented the buyer and seller in the transaction. Ernie Perez, associate with Gridline Properties, represented buyer Jackie Chariff. Pablo Rodriguez, associate with Gridline Properties, represented seller Carriles Corporation. The off-market transaction was a cash deal.

“This marks another successful transaction for Gridline Properties in the Little River neighborhood,” Alfredo Riascos says, principal and broker at Gridline Properties. “It attests to the strength and demand of the local real estate market. We are proud to have represented both the buyer and seller in this sale, which signals our strength and expertise in the immediate submarket and urban core corridor.”

The Little River Business District is home to multiple companies, tenants, and owners that have transformed one of Miami’s oldest industrial areas into an area focused on creativity, design and innovation.

Photo courtesy of Gridline Properties

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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.