MIAMI– Ari Dispenza of Mizrach Realty Associates represented the Buyer in the $5,150,000 sale of two Wynwood properties.

The adjacent buildings, located at 2200 & 2230 NW 2ndAvenue, were built in 1954 and total 32,000 square feet.

The Buyer, 243 Wynwood LLC, a subsidiary of New York City-based Abingdon Square Partners, plans to redevelop the property into multiple retail and office spaces.

The Seller was represented by Shaul Banouz of Recom, LLC.

“The creativity and the interest that the artists, restaurants, cafés, and lounges bring to Wynwood continues to capture the attention of saavy investors.  It’s a very exciting time for the area,” said Dispenza.

Though there were developers in the area prior, now-deceased visionary developer Tony Goldman brought increased attention to the area as an arts district and international destination.  Interest in the area has since been amplified by Midtown and by the extraordinary developments in the neighboring Design District.

About Mizrach Realty Associates:

Mizrach Realty Associates is a commercial real estate company providing full-scale brokerage services in Commercial Real Estate in Miami-Dade County, including Industrial, Office, Retail, Land, and Multifamily transactions.  Mizrach Realty Associates has been based in Wynwood, Florida for 15 years. For more information, please call 954.573.2941or visit http://www.mizrachrealtyassociates.com.