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Colliers facilitates the sale of a freestanding retail building in Downtown Fort Lauderdale for $8.5M

Colliers represented the seller and buyer in the sale of the Downtown Fort Lauderdale property.

FORT LAUDERDALE, FL, December 13, 2022 – Colliers closed on the sale of a freestanding retail building, part of the High Street Himmarshee portfolio, for $8.5 million on December 9th. The property is located at 301 SW 2nd Street in the heart of Downtown Fort Lauderdale’s Arts & Entertainment District. The 8,650-square-foot building is situated on a 20,964-square-foot lot and is occupied by 00 Saloon, a traditional American restaurant/bar.


Colliers Director Bradley Arendt and Executive Managing Director Mika Mattingly represented the seller, 301 Second Corporation, and the buyer, Heights Advisors, in the transaction. Heights Advisors is a private family office, real estate developer, and investment management firm based in Brooklyn, NY. The firm has served as the lead investor in real estate projects with a total value of more than $1.5 billion and as the direct developer in real estate transactions with a total value of more than $1 billion. Heights Advisors purchased the two-acre development site behind the retail building for $14.5 million in November 2021.


“As development ramps up with the migration of out-of-state developers to South Florida, this transaction illustrates the rebirth of Himmarshee,” said Arendt. “Our buyer successfully expanded their South Florida footprint by acquiring part of an assemblage in front of the development site they purchased last year with excellent potential for high-rise development.”


The Himmarshee neighborhood is rapidly evolving as an extension of Downtown Fort Lauderdale as the transformations begin to break ground. The property is less than a block from Las Olas, Downtown Fort Lauderdale, and Brightline Fort Lauderdale Station. More than 2,000+ residential units are to be built within 200 feet of the property as the influx of new residents migrating to Fort Lauderdale continues to drive the demand for residential and retail development.


Let us know if you’re interested in speaking with Bradley Arendt about this deal or activity in the Downtown Fort Lauderdale market.

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Bradley Arendt

Vice President

Fort Lauderdale

As a member of the firm’s Urban Core division, I focus on all product types in dense urban areas throughout South Florida. 

I use my extensive background in mortgages, real estate investments, property acquisitions, management, and auctions to assist clients with their brokerage and business development needs. 

Prior to joining Colliers International South Florida, I was with Realty Masters Advisors (RMA) of Fort Lauderdale, where my team and I made a name for ourselves during the real estate downturn, having transacted over $500M worth real estate statewide. Most notably the Naples Square project, whereby I put together joint venture to purchase the 20-acre mixed-use downtown Naples development site from Regions Bank. Other notable transactions include: the Riverbend Walmart site on Broward Boulevard, several Flagler Village multi-family sites, a prime re-development project on Federal Highway in Fort Lauderdale and many other income-producing east Broward assets.  

Prior to moving to South Florida in 2010, I was on a business development team in the Chicago office of Sheldon Good & Company. Our team focused on the accelerated disposition of assets during the real estate downturn of primarily excess developer inventory within condominium, townhome, and single-family projects all throughout the eastern half of the country, totaling more than $50 million.

In 2004 I was integral part of a boutique start-up real estate investment company which focused on the buying and selling of residential properties in Florida, Illinois, California and Arizona.

I am licensed in Florida and Illinois as a real estate broker and a member of the National Association of REALTORS®.

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Mika Mattingly

Executive Vice President


In 2016, I joined the South Florida offices of Colliers International, launching the firm’s Urban Core division.

As co-leader of this group, our team specializes in urban renewal, off-market sales, and assemblages across core South Florida neighborhoods.

With a strong foundation of building-level market data and a knack for navigating the complexities of urban zoning and approvals, I have established myself as the premier real estate expert in the Downtown Miami area. I have been a driving force behind the market transformation from a neglected business corridor to a revitalized destination for real estate investing and community.

Through my perseverance and keen eye for highest and best use, I have sold many of these cherished historical buildings - some of which had been left unused for years and will now be reenergized with an influx of capital and urban renewal efforts. These landmark buildings include the Old Post Office, Dade Commonwealth Building, Thomas Center and Courthouse Tower. 

Prior to Colliers, I was an instrumental player in major assemblages, including being the lead broker on behalf of investor Moishe Mana, who has acquired a major presence in downtown Miami. Since 2014, I brokered 53 transactions worth $306 million targeting commercial properties on East Flagler Street and surrounding areas.

I began my career in real estate in late 2006, learning the ropes on the tail end of Miami’s last boom. Always on the grind, I sold notes in the dry years that followed. When the market began to recover, I turned my attention to the emerging neighborhoods in Miami’s urban core. I became known for my keen intuition in pinpointing blighted areas that were poised for explosive growth, well before they were on the radar.

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