TriStar Capital and RFR buy Miami's Atlas Plaza in $65m deal

TriStar Capital and RFR Holdings have acquired Atlas Plaza in Miami's Design District for $65 million. Built in 1969, the property is located at 130 N.E. 30th Street, measures 10,297 square feet and sits on a 10,000 square-foot lot. The deal also includes the 4,088 square-foot building behind it which provides a passageway to 135/137 N.E. 39th Street. Tenants in the properties include Michael’s Genuine Food & Drink, Rolex, Sebastien James Atelier, Longchamp, and Scotch & Soda.

“The Design District is fast becoming the most important luxury retail district in the world and we’re pleased to have purchased these unique assets in the heart of this iconic destination,” said the head of TrStar David Edelstein. “This site has tremendous long-term growth and development potential and we are thrilled to be part of the neighborhood’s transformation.”