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MIAMI BEACH-A firm led by Michael Comras, a Miami Beach-based retail investor, has bought the 701 Lincoln Rd. for an amount of $17.5 million. The 40,000-square-foot, three-story building will house the first store of Forever 21 in Miami Beach.

Jeffrey Cohen from the Commercial Group of Esslinger-Wooten-Maxwell negotiated the deal on behalf of the buyer. Cohen said that this large building is situated on the retail street, which is highly priced in Miami-Dade County. For the full story, go to Florida Real Estate Journal.

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