New York-based investment firm Adirondack Capital Partners (ACP) has officially expanded its real estate investment platform into Florida, marking a significant strategic move into one of the nation’s most dynamic markets. The firm has established its first Florida office in Miami Beach, signaling a commitment to leveraging the state’s robust growth.
Key Takeaways
- Adirondack Capital Partners has opened its inaugural Florida office in Miami Beach.
- Brittany Feinberg has been promoted to Partner and will lead the new Miami office.
- The firm has a $30 million waterfront development site under contract on Florida’s west coast.
Strategic Expansion into the Sunshine State
Adirondack Capital Partners, known for its advisory services in acquisition and disposition of various property types across major U.S. markets, has identified Florida as a key area for future growth. The new Miami Beach office will serve as a central hub for connecting investors, family offices, and developers with prime retail, multifamily, and mixed-use opportunities throughout the state.
Michael Hunter Coghill, Founder and Managing Partner of ACP, expressed enthusiasm for the expansion, stating, "Florida represents a major opportunity for our clients and our platform. We’re proud to mark this next phase of growth with Brittany at the helm. Her leadership, market expertise and proven ability to deliver for clients make her the clear choice to spearhead our Southeast presence."
Brittany Feinberg Takes the Helm
As part of this strategic expansion, Brittany Feinberg has been elevated to the position of Partner and will spearhead the new Miami-based operations. Feinberg brings nearly a decade of experience in real estate capital markets, with a track record of managing over $10 billion in debt and equity transactions across diverse asset classes. Her previous roles include significant work at Eastdil Secured, where she was instrumental in facilitating major transactions, including a $500 million CMBS loan for the Miami Design District.
Feinberg shared her excitement, "I’m honored to step into this role as Partner and Head of our Florida office. There’s a surge of momentum across Florida’s urban and coastal markets, and ACP is ready to deliver the high-touch, high-caliber execution our clients expect."
Initial Florida Transaction Underway
To mark the commencement of its Florida operations, ACP has a significant deal under contract: a 16-acre waterfront development site on Florida’s west coast. This fully entitled project is slated for a luxury condo, hotel, and marina development, valued at $30 million. This initial transaction underscores ACP’s capability to identify and execute high-impact opportunities in dynamic markets and its dedication to serving global private capital and family office clients.
Sources
- Adirondack Capital Partners opens Miami Beach real estate office on Lincoln Road, The Business Journals.
- Adirondack Capital Partners Expands to Florida, Names, GlobeNewswire.