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Ponte Gadea Group Pays $370M for Miami Beach Retail Asset

Investors Sell 1.1 Acre Contiguous City Block
By Justin Sumner
CoStar News
September 30, 2015 | 8:42 P.M.

Local investors Jonathan Fryd and Michael Comras sold a 1.1-acre contiguous retail block at 1001-1045 Lincoln Rd. in Miami Beach, FL to Ponte Gadea Group for $370 million, or about $4.9 million per square foot.

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News | Ponte Gadea Group Pays $370M for Miami Beach Retail Asset