Moishe Mana Adds To Flagler Street Portfolio With Another Purchase

Israeli businessman Moishe Mana has purchased another building on Flagler Street, adding to his Flagler Street assemblage.
Mana purchased 124 East Flagler Street, a 9,000-square-foot, 3-story building, for $2.3 million.
The 1930-built property features 3,000 square feet of ground floor retail fronting East Flagler Street and an additional 6,000 square feet of office space on the second and third floors.
The deal closed on Thursday, August 14.
Mika Mattingly and Shai Ben-Ami of Sterling Equity Realty Commercial represented Mana’s company, East Flagler Realty, LLC, in the transaction.
The seller, 124 E Flagler St. Inc., was represented by Boris Kozolchyk of Point Group Advisors,
The building is located in the heart of Downtown Miami’s historic East Flagler Street district, within the same block as the world famous Dupont Building and Olympia Theatre at the Gusman Cultural Center.
With this purchase, Mana has acquired 115,000 square feet of retail space on Flagler Street and an additional 50,000 within Miami’s Central Business District.
Last month, Mana purchased 107,000 square feet of retail space on Flagler Street in a deal totaling more than $21 million.
Shai Ben-Ami of Sterling Equity Realty Commercial represented Mana in the purchased of 777 International Mall, located at 141 East Flagler Street.  The 1947-built building, which was originally constructed as the Miami Theatre, totals 73,000 square feet. Mattingly represented the seller in that transaction. Mana also acquired a 9,000-square-foot building at 130 East Flagler Street, and more than 25,000 square feet at 134 East Flagler Street. The deals closed on July 31, 2014.
“Mana has strategically positioned himself in key locations in downtown’s urban core.  Mana’s vision, combined with other developments, will ignite Downtown Miami for the first time in 30 years,” said Mattingly.
Ben-Ami and Mattingly are both members of the Commercial Industrial Association of South Florida (CIASF).
CIASF is a non-profit organization of business leaders involved in the development, design, construction, sales, and leasing of Industrial and Commercial Real Estate in South Florida.  The association hosts events each month covering a wide range of topics including the Industrial Market Report in January and the Office Market Report in May, its signature events.