Ackerman & Co. Secures $117 Million in Financing for NoLi Redevelopment along Miami Beach's Lincoln Road

November 26, 2025 at 03:00 AM EST

Jonathan Rice, Executive Vice President of Capital Markets for Ackerman, arranges financing on behalf of Comras Company for the acquisition of five buildings

MIAMI BEACH, FL, November 26, 2025 /24-7PressRelease/ -- Ackerman & Co. has secured $117 million in financing for Comras Company to acquire five buildings along Lincoln Road in Miami Beach, paving the way for the redevelopment of the area into NoLi, a newly curated retail, dining and lifestyle destination. Jonathan Rice, Executive Vice President of Capital Markets for Ackerman & Co., arranged the financing with ACORE Capital.

Comras acquired the five buildings, located along the popular Lincoln Road pedestrian mall, from affiliates of Morgan Stanely and Terranova Corp.

"I'm thrilled to secure this financing for my longtime client, Comras Company, for this exciting redevelopment. NoLi promises to be another transformative development by Comras in Miami Beach, alongside recently completed projects like the CocoWalk redevelopment in Coconut Grove and the retail component of Miami World Center," said Jonathan Rice.

Plans call for renovations to create more than 40 inline retail spaces for a curated blend of boutique retail, dining, wellness and lifestyle concepts, with the goal of opening in the first quarter of 2027. The combined properties total 150,000 square feet at 600-612, 719-737, 741 and 801 Lincoln Road and 723 N. Lincoln Lane.

Lincoln Road is also set to benefit from almost $30 million in city-funded streetscape upgrades that will include fresh landscaping, additional outdoor seating, improved lighting and expanded sidewalks.

About Comras Company
Founded in 1992 by Michael Comras, Comras Company (CC) is a boutique real estate development and leasing firm that has been a driving force behind the transformation of South Florida's most desirable commercial and mixed-use districts. CC is widely recognized for its role in shaping iconic destinations such as Lincoln Road, Wynwood, Miami Design District, Coconut Grove, Downtown Miami, Coral Gables and East Las Olas Boulevard.

With expertise spanning project planning, site identification, marketing, leasing, joint venture development and sales and acquisitions, CC has completed transactions with global retail leaders like Apple, Nike, and Sephora. The firm also spearheaded the redevelopment of CocoWalk in Coconut Grove and led the development of Class-A office properties in Miami and Miami Beach, including One CocoWalk and The Canopy Offices in the Grove.

Embracing the slogan "Redefining Retail," the firm continues to adapt assets and concepts to meet ever-evolving consumer trends, while spearheading developments in top retail destinations.

About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 44 million square feet of office, medical, industrial, retail and mixed-use space, has 7 million square feet under management, and maintains an investment portfolio valued at $1 billion.

Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed more than 10 million square feet of transactions valued at $1.7 billion. For more information, visit www.ackermanco.com

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Ackerman & Co. Secures $117 Million in Financing for NoLi Redevelopment along Miami Beach's Lincoln Road

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