April 6, 2017 Real Estate News

Big Changes Planned For Jungle Island After $60M Sale Closes

By: Brian Bandell

Source: South Florida Business Journal

The $60 million sale of the Jungle Island amusement park on Miami’s Watson Island has closed, and new owner ESJ Capital Partners plans significant improvements to attractions and banquet facilities.

PJG Watson Island, led by Bernard Levine, sold the animal-themed park and its 18-acre ground lease with the city to an affiliate of Aventura-based ESJ Capital Partners, led by Arnaud Sitbon and Gabriel Amiel. The deal received approval from the city, the county and the U.S. Department of Housing and Urban Development, as all three government bodies have outstanding loans with Jungle Island.

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