Seritage Growth Properties has announced the sale of its property located in Aventura, Florida, to Boulevard Step Ventures LLC for $131.0 million. The agreement, effective September 2, 2025, includes a non-refundable $5.0 million earnest money deposit from the buyer, with the option to extend the closing by 45 days for an additional non-refundable $5.0 million deposit. The sale is expected to close 30 days from the effective date, pending customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seritage Growth Properties published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-113584), on September 08, 2025, and is solely responsible for the information contained therein.