Bon appetit! Moishe Mana buys Wynwood building leased to Pastis for $25M
Wynwood developer Moishe Mana continues expanding his real estate portfolio with $24.5M acquisition of Pastis-leased building
Moishe Mana’s hunger for Wynwood properties took another forkful, as he recently bought a building leased to Pastis Miami for $24.5 million. Mana, Wynwood’s largest landowner, acquired a ground lease and a single-story 13,000-square-foot building at 380 Northwest 26th Street, Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors told The Real Deal. They brokered the transaction on behalf of the buyer and the seller, David Edelstein’s New York-based TriCap. Mana paid roughly $1,850 per square foot. TriCap exercised an option to buy the ground lease from the site’s previous owner, Yuan Yin Yen, in order to complete the deal […] This article originally appeared on The Real Deal. Click here to read the full story.
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