East End Capital Sells Class-A Wynwood Arcade To Black Lion Investment Group For $13.5 Million
Los Angeles-based Black Lion Investment Group lead by CEO Robert Rivani has picked up yet another major piece of property in Miami; the Class-A retail venue Wynwood Arcade has been sold to the firm, purchased from East End Capital for a total of $13.5 million. The property is located at 50 Northwest 24th Street in Miami’s Wynwood Arts District, bounded by NW 23rd Street to the north and wedged between N. Miami Avenue and NW 2nd Avenue. The purchase follows another recent transaction from Black Lion who spent approximately $12.1 million on waterfront restaurant building Amara at Paraiso, previously owned by the Related Group.