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RIVANI buys 404 Washington mixed-use property in Miami Beach
The deal includes nearly 61,000 square feet and was financed with $29.5 million from BridgeInvest through Berkadia Miami.
RIVANI has purchased 404 Washington, an eight-story mixed-use office and retail property at the corner of Washington Avenue and Fifth Street in Miami Beach’s South of Fifth neighborhood, according to ConnectCRE.
The property totals nearly 61,000 square feet of office and retail space, was built in 1995, and is slated to have been renovated in 2026. The tenant roster includes Universal Music Group, Marriott Vacations Worldwide, 26North, and Major Food Group’s HaSalon restaurant.
ConnectCRE reports that the Trump Group was the seller. Berkadia Miami arranged $29.5 million in financing for RIVANI, with BridgeInvest providing the loan.