Brickell City Centre’s Retail Has a New Owner. Here Are 5 Takeaways

Brickell City Centre’s retail has a new owner. Here are 5 takeaways

Miami’s Brickell City Centre sold to Simon Property Group for over $500M. The acquisition boosts Simon’s South Florida retail investments.

Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512 Million

Miami — Indianapolis-based Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire… The post Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512 Million appeared first on Shopping Center Business.

Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512M

MIAMI — Indianapolis-based mall giant Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire Properties Inc. sold the majority 75 percent stake in the property’s 500,000-square-foot retail portion for $512 million, according to several media outlets. Simon had previously owned a 25 percent, non-managing interest…

Brickell City Centre Shopping Mall & Parking Garage Sold

The shopping mall and a parking garage at Brickell City Centre has been purchased by publicly traded Simon Property Group. Simon previously owned a 25% stake in the shopping mall component of Brickell City Centre, and now owns 100% of the mall and the main public garage. The company is paying up to $548,725,001 for the stakes, with $512,625,001 paid at closing and an additional $36.1m contingent. Swire Properties, which developed the property, i…

Simon Acquires Remaining Interest in Brickell City Centre

Simon has acquired Swire Properties’ interest in the retail and parking at Brickell City Centre. Completed in 2016 and located in the heart of the Brickell district of downtown Miami, the shopping center consists of four levels of dining and entertainment interconnected across three city blocks. The price includes $512.6 million in cash and a contingent consideration of up to $36.1 million if planned improvements to the property are completed wi…

Brickell City Centre sold: Downtown Miami commercial icon changes hands for $548 Million

The closest shopping mall to Key Biscayne has been sold by its present owner, Swire Properties, to one of the largest mall operators in the US.