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I. Chera & Sons Acquires Miami Merchants Mart

Investor's Widow Sells Mall and Land for $13.5 Million
By Jonathan Heifetz
January 27, 2006 | 10:04 P.M.

New York-based I. Chera & Sons Inc. acquired the Miami Merchants Mart, the former 79th Street Farmer's Market, at 3017 NW 79th St. in Miami. The sale price for the 237,000-square-foot building was $11.1 million, or $47 per square foot. I. Chera also assembled an additional 5.4-acres for another $2.44 million bringing the total to $13.5 million for the mall (the business and the building) and 23.07 acres.

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