MIAMI – June 30, 2025 – Global law firm Greenberg Traurig, P.A. represented Swire Properties, Inc., a leading developer of mixed-use, commercial, and residential properties in Miami, in the sale of its interest in the retail and parking at Brickell City Centre to Simon, a real estate investment trust (REIT) with properties across North America, Europe, and Asia.
Located in the heart of Miami’s Brickell District, Brickell City Centre is a landmark mixed-use development featuring a 500,000-sq.-ft. open-air shopping center anchored by Saks Fifth Avenue. Completed by Swire in 2016, the four-story shopping center has more than 90 retail stores and 15 premium dining and entertainment venues, including a Casa Tua Cucina location.
Indianapolis-based Simon previously owned a 25%, non-managing interest in the retail at Brickell City Centre and will wholly own and manage the asset following the transaction, according to a statement by the company.
“We are honored to have supported Swire Properties in the strategic sale of this iconic property, which has had a transformational impact on downtown Miami,” said Miami Real Estate Practice Co-Chair Nancy B. Lash, who led a team of Greenberg Traurig attorneys in representing Swire Properties. “For nearly five decades, Greenberg Traurig has served as a trusted legal advisor to Swire Properties on its most important real estate matters, including the initial acquisition in 2008 of the property that today is Brickell City Centre. We look forward to our continued partnership with Swire in the years to come.”
The deal team also included Miami Real Estate Shareholder Michael J. Larson, Construction Law Practice Co-Chair Michael J. Thomas, and Miami Real Estate Associates Katherine A. Schmitt and Noah Liebling.
Miami-based Swire Properties is one of South Florida's leading developers of urban commercial, hotel, and condominium properties. In addition to Brickell City Centre, Swire Properties is known for its development of the island of Brickell Key. The company is the U.S. real estate arm of Swire Properties Limited, which develops and manages commercial, retail, hotels, and residential properties globally.