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MIAMI—In the largest  Florida retail acquisition of 2012, affiliates of Terranova Corporation and Acadia Realty Trust bought a three-building retail portfolio on Miami Beach’s Lincoln Road for $139 million. The buildings are located at 801, 826, and 719 Lincoln Road, home to Fossil, Dylan’s Candy, and Kiehl’s.

The nearly 60,000-square-foot portfolio expands the joint venture’s Lincoln Road commercial real estate holdings. That makes the JV the largest pure retail owner on the famed street.

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