Nearly vacant Lincoln Place office building in South Beach hits market for target of $82M

Lincoln Place, a nearly vacant South Beach office building that was once at the center of a crowdfunding scandal, hit the market with a target price of $82 million, The Real Deal has learned.  The eight-story building at 1601 Washington Avenue in Miami Beach consists of 111,400 square feet of offices; 26,700 square feet of ground-floor retail and a 499-space garage, according to a JLL listing memo. The sale would be of the ground lease that is now owned by New York-based Granite Point Mortgage Trust and runs through 2092, records and the memo show. The city of Miami Beach […]This article originally appeared on The Real Deal. Click here to read the full story.