SFAC sells property in Miami Beach for $88 million
Clients South Florida Art Center, Inc.
Jones Day assisted the South Florida Art Center, Inc. ("SFAC") in the $88 million sale of its property at 800 Lincoln Road in Miami Beach, Florida. The sale set a new record per-square-foot price for the Lincoln Road area of Miami Beach. Jones Day also represented SFAC in resolving litigation with the licensee of a parking lot adjacent to 800 Lincoln (also owned by SFAC) and preventing the licensee from interfering with the sale of 800 Lincoln Road.
SFAC v. City of Miami Beach, Case No. 06-4952 CA 10 (Fla. 11th Cir.); Sunset Parking Systems, Inc. v. SFAC, Case No. 07-17288 CA 10 (Fla. 11th Cir.)