Southland Mall Changes Ownership After $100 Million Sale

Electra America and BH Group, a Miami-based private real estate investment and development firm, formed a joint venture to acquire the Southland Mall for $100.35 million. The 808,776-square-foot mall at 20505 South Dixie Highway in the Cutler Bay section of Miami-Dade County is approximately 20 miles south of downtown Miami. The partners plan to oversee a major mixed-use redevelopment of the site, including modernizing and repositioning the mall and creating an exciting Class A residential development on the remaining land.

“Cutler Bay’s proximity to high-paying employment centers and top-rated schools, along with minimal developable land in the area, made this an attractive investment opportunity,” Joe Lubeck says, Managing Partner of Electra America, a real estate private equity firm. “It is nearly impossible to find a property of this quality and size throughout South Florida. We are excited to be partnering with BH Group to revitalize this key Miami asset, and we appreciate the opportunity to work with the Town of Cutler Bay in the redevelopment of the site to create new high-quality housing and employment opportunities for its residents.”

Southland Mall is currently 80% occupied with more than 100 tenants, including JCPenney, Macy’s, TJ Max, L.A. Fitness, Regal Cinemas, Old Navy, Sephora, Kay Jewelers, Applebee’s and more. It is the only enclosed regional mall servicing southern Miami-Dade County through the Florida Keys. Bound by the Florida Turnpike and U.S. Highway 1, it offers access to a significant transportation corridor in a densely populated trade area that encompasses over 3 million people.

The buyer’s exclusive brokers on the transaction were Avison Young’s Michael T. Fay, John K. Crotty, David Duckworth and Brian C. de la Fé.

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Drew Limsky

Drew Limsky



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.