Books & Books Office Complex In Coral Gables Sells For $15 Million

Apr 29, 2018 No Comments by

Sime Realty Corporation President and Chief Executive Officer Scott Sime, along with Ken Rosen of Kendar Realty, brokered the sale of the Books & Books office complex located at 255-265 Aragon Avenue in Coral Gables.

Raimundo Lopez-Lima Levi and Eric Glinsky of Coral Gables-based accounting firm Lopez Levi Lowenstein Glinsky, P.A., and Mitchell Kaplan, operator of the independent bookseller’s Coral Gables store, purchased the 41,763-square-foot iconic Downtown Coral Gables historic complex from owner DLGN HOLDINGS LLC for $15,000,000.

The transaction closed April 23.

The 22,500-square-foot lot on which the buildings are situated last traded in July 1998 for $1.66 million.

Kaplan opened the first Books & Books in 1982 in a small, 500-square-foot space in Coral Gables, just after dropping out of law school at the age of 25. The modest bookstore developed a very strong following, creating a literary movement Miami had never seen before. Mitchell’s vision of building an environment where like-minded people could gather, learn and discuss became a reality, especially now as an owner of the popular venue.

In the spring of 2001, the bookstore relocated to its current location, the exquisite 1926-built building at 255-265 Aragon Avenue, which is listed in the Coral Gables Register of Historic Places, across the street from the original store.

Lopez Levi Lowenstein Glinsky, P.A. is one of the leading accounting firms in the field of international tax and estate planning for high-net-worth international private clients.

 

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Industry News, Miami-Dade County Office, Miami-Dade County Retail, Office, Retail
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