Commercial real estate firm STAX Equity, founded in November, opened its headquarters on Miami Beach’s Lincoln Road.
The private equity firm focuses on acquisitions, development and investment, and also has an AI-based brokerage arm. It leased 6,000 square feet at 846 Lincoln Road, according to a STAX news release.
Founded in November by Michael Salafia, STAX has a niche in leased retail and industrial properties such as convenience stores, gas stations and billboards. It has invested $100 million to date, the release says.