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Rubells Expand Allapattah Art Space With $11M Industrial Building Purchase

SVN Commercial Realty completed the sale of 1090 NW 23rd Street in Miami, a 45,711-square-foot free-standing industrial property located on 1.49 acres in Allapattah to 1090 NW 23 Associates II, LLC, an entity managed by Jason Rubell and Mera Rubell, for $10.7 million.

Joel A. Kattan, SIOR and Anthony Peragine with SVN Commercial Realty represented the seller, Carrera Family Investments, Inc, and were the only brokers involved in the transaction.

The property was the former headquarters of the family-owned and operated Rex Discount which has since moved its operations to a 122,000-square-foot facility located at 3690 NW 62nd Street in Miami. Kattan and Peragine also represented the Carrera Family in that purchase in February of 2021.

“It has been an absolute honor to represent our clients in this sale, which is our fourth completed transaction with the Carrera family,” said Kattan. “We look forward to continuing our relationship with them. The property is located in the Allapattah submarket of Miami where explosive growth is taking place and it’s next door to the Rubell Museum, making the Rubell family the ideal buyers.”

 

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