Post Malone’s Management Label Buys Wynwood Office Building
By Julia Echikson October 26, 2021 3:50 pm
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The management label that reps rapper Post Malone purchased a boutique commercial building near Wynwood for $5.6 million.
The label, Electric Feel, purchased the 8,405 square-foot building site at 235 NE 29 Street, just north of the trendy Miami neighborhood known for its colorful murals. Built in 2018, the two-story property is zoned as an office building, property records show.
Electric Feel is behind some of the biggest pop hits of the past few years, including Camila Cabello’s “Havana,” Bruno Mars‘ “That’s What I Like,” and Selena Gomez and Marshmello‘s “Wolves,” according to Billboard Magazine.
It’s likely the firm will use at least part of the building as a music studio. Electric Feel has studio locations in Los Angeles and Berlin, with two more planned, in Miami and New York, according to its website.
Carl Austin Rosen, the firm’s founder, co-wrote Post Malone’s smash hit “Rockstar,” as well as Justin Bieber and DJ Snake’s collaboration, “Let Me Love You.” Last March, the music executive bought a Miami Beach waterfront mansion for $12.5 million, the South Florida Business Journal reported. He also happens to be the son of Andrew Rosen, who founded high-end fashion label Theory.
The sellers — Simon and Antoine Karam of Fininvest Realty Corp — were asking $100,000 more than the final sale price, $5.7 million. DWNTWN Realty Advisors’ Tony Arellano and Devlin Marinoff, who announced the sale, represented the duo.
Andrew Easton of The Easton Group represented the buyer, who paid all cash. He did not respond to a request for comment.
Julia Echikson can be reached at jechikson@commercialobserver.com.
