Black Lion’s Robert Rivani and River Oaks' Adam Frank with Catch restaurant at 200 South Pointe Drive (River Oaks, Google Maps, Getty)

Robert Rivani’s Black Lion sold one of its signature commercial condo units, a building leased to Catch restaurant in Miami Beach’s South of Fifth neighborhood, for $28 million.

The deal marks a nearly $17 million gain from its purchase price two years ago when Miami-based Black Lion paid $11.5 million for the two-story building at 200 South Pointe Drive, It is part of the Continuum on South Beach condominium complex.

El Paso, Texas-based River Oaks Properties, led by President Adam Frank, acquired the restaurant property that is leased to New York-based Catch for 15 years, according to a press release.