HFF arranges sale of Lincoln Theatre

MIAMI - The Miami office of Holliday Fenoglio Fowler LP arranged the sale of the historic Lincoln Theatre, a 38,000sf mixed-use property on Miami Beach’s famed Lincoln Road Mall.

HFF Executive Managing Director Manuel de Zarraga, Managing Director Danny Finkle and associate directors Luis Castillo and Jaret Turkell led the investment sales team on behalf of the seller, New World Symphony. A partnership led by Miami-based Savitar Realty Advisors purchased the property.

Originally built in the 1930s as a movie house, the Lincoln Theatre is positioned in the protected art-deco architectural district of Miami Beach and is listed as a protected historic site under the National Register of Historic Places. Located at 541 Lincoln Road, the property consists of administrative offices, practice rooms and a 704-seat performance theater that has been occupied by the New World Symphony as its headquarters for the past 20 years.