Jason and Mera Rubell of the art collector family paid $5.4 million for the former Hightop Products warehouse at 1000 Northwest 23rd Street in Miami. A company led by Charlie and Marilyn Vazquez sold the 1-acre property.
Stefano Santoro, broker and partner at Current Real Estate Advisors’ Miami office, brokered the deal.
The nearly 29,000-square-foot warehouse, built between 1946 and 1951, has been in the Vazquez family for decades. It last sold in 1980 for $400,000, records show.
Santoro said the Rubells were his first call. He called the deal a “nice, easy negotiation.”
The Rubells, who moved their Rubell Family Collection to Allapattah from Wynwood in late 2019, appear to be assembling more land in Allapattah. Records show Jason and Mera Rubell are managers of an LLC named after the property next door to the warehouse they just acquired. Carrera Family Investments owns the nearly 1.5-acre property, which also includes a warehouse.
Source: The Real Deal