Well Meaning Spaces Acquired by Terminal Wynwood | Real Estate Services M&A Deal

Terminal Wynwood has completed the acquisition of Well Meaning Spaces, a real estate development business in Florida, for $14.5 million. Well Meaning Spaces operated a creative office and early coworking concept at 85 Northeast 27th Street in Wynwood, Midtown and Edgewater, supporting demand for flexible workspace. Terminal Wynwood acquisitions target a 0.76-acre real estate development site to enable a transit-oriented, mixed-use tower with potential apartment, condo and retail components, with entitlements work expected. The divestiture acquisition is a strategic acquisition by a strategic buyer, closing after a contract signed about two months earlier, following a listing around $15.2 million and reflecting a discount versus the 2022 purchase price.