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Announcement

68 acre buy in Dade!!!

By
Cashflow In Miami
on
July 18, 2020

147th SW st , Miami

68 acre buy in Dade!

Leonard Abess, the former owner of City National Bank of Florida, bought 68 acres in western Miami-Dade County, adding to his massive portfolio of farmland.

A company tied to Abess bought the vacant land at Southwest 147th Street for $6 million, records show. Abess purchased the property from a company tied to Xavier Rosales Jr.

According to a South Florida Business Journal report from 2013, Abess has purchased over 1,100 acres of land in western Miami-Dade County. He has also owned other real estate in South Florida.

Interesting fact:

Abess sold his shares in City National Bank of Florida for more than $900 million to the Spanish bank Caja Madrid in 2009. After selling the bank, Abess gave his current and former employees a gift of $60 million. Abess’ generosity was heralded by the press and even President Obama.

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