Developer Alex Karakhanian acquired a site in Miami’s Arts & Entertainment District for close to $15 million, The Real Deal has learned.

A partnership led by Karakhanian’s Lndmrk Development acquired the property at 1635 North Miami Avenue, Karakhanian confirmed.

Apex Capital Realty’s Miguel Pinto represented the buyer, and Samuel Heskiel represented the seller in the off-market deal. The property sold for $14.8 million.

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