Transactions - AUGUST 5, 2022

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Ivanhoe Cambridge JV sells premier retail and dining destination center in Miami for $216m

by Andrea Zander

Rockpoint and Ivanhoe Cambridge have sold Mary Brickell Village, a 200,503-square-foot, Publix-anchored, mixed-use retail center with an 875-space parking garage in Miami’s Brickell district, for $216 million.

RPT Realty acquired the center.

Mary Brickell Village is anchored by a high-volume Publix and Miami’s only LA Fitness Signature Club. The center is complemented by an exceptional roster of high-quality, leading retailers and popular restaurants, including Moxie’s, North Italia, P.F. Chang’s, Shake Shack, Blue Martini, Starbucks, Massage Envy, Candela Gastro Bar and EWM Realty. Constructed in 2008, the property underwent substantial renovations and modernizations between 2018 and 2020.

Positioned on a 5.2-acre site at 901 South Miami Ave., Mary Brickell Village is in an infill, transit-oriented location that sees incredibly high vehicle and pedestrian traffic. This location is at the epicenter of the Brickell District and surrounded by excellent dem

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