Andre Hakkak, CEO of White Oak Global Advisors, and his wife Marissa Shipman, founder of The Balm Cosmetics, have purchased a $13.6 million mansion in Coral Gables, Florida. The acquisition highlights the couple’s financial success and their entry into the luxury real estate market of South Florida.
The property, located at 8950 Arvida Drive, spans nearly two acres and features six bedrooms, nine full bathrooms, and two half-bathrooms. Designed by architect Cesar Molina, the mansion includes amenities such as a six-car garage, elevator, pool, and a separate structure for a gym or spa.
This purchase adds to a series of high-profile real estate transactions in the Gables Estates area. The property’s previous owner, a Czech Republic-based investment company, had initially listed it for $17.5 million in 2018. The Hakkak-Shipman acquisition underscores the ongoing appeal of Coral Gables to successful entrepreneurs and executives.
Background of Andre Hakkak and Marissa Shipman
Andre Hakkak and Marissa Shipman represent a power couple in the worlds of finance and beauty, respectively. Their recent acquisition of a $13.6 million mansion in Coral Gables, Florida, has brought their success into the spotlight, showcasing the rewards of their entrepreneurial endeavors.
Both Hakkak and Shipman have built their careers from the ground up, demonstrating a keen eye for opportunity and a drive for innovation. Their combined expertise spans multiple industries, from global investments to cosmetics, reflecting a diverse portfolio of skills and interests.
Andre Hakkak
Andre Hakkak is the CEO and co-founder of White Oak Global Advisors, a global investment firm established in 2007. His leadership has been instrumental in expanding the company’s reach, with offices now spanning across the United States and internationally.
Hakkak’s expertise in the financial sector has positioned him as a respected figure in global investments. His strategic vision and ability to navigate complex financial landscapes have been key factors in White Oak Global Advisors’ growth and success.
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Marissa Shipman
Marissa Shipman is the creative force behind The Balm Cosmetics, a brand she founded in 2004. Her innovative approach to beauty products and distinctive packaging has helped The Balm carve out a unique niche in the competitive cosmetics industry.
Shipman’s entrepreneurial journey showcases her ability to identify market gaps and create products that resonate with consumers. Her leadership has transformed The Balm from a startup to a recognized name in the beauty world, demonstrating her business acumen and creative vision.
Property Features
The Coral Gables mansion acquired by Hakkak and Shipman is a testament to luxury living. Situated at 8950 Arvida Drive, the property spans nearly two acres, offering privacy and expansive grounds in one of Florida’s most desirable neighborhoods.
Designed by acclaimed architect Cesar Molina, the mansion boasts an impressive structure with six bedrooms, nine full bathrooms, and two half-bathrooms. The two-story layout provides ample space for both personal living and entertainment, reflecting the couple’s lifestyle and status.
Amenities
The property’s amenities elevate it beyond a mere residence to a private retreat. A six-car garage caters to automotive enthusiasts, while an elevator ensures convenient access throughout the home. The luxurious pool area offers a perfect setting for relaxation and outdoor entertainment.
Previous Ownership
The Coral Gables mansion now owned by Andre Hakkak and Marissa Shipman has an intriguing history. Before their purchase, the property was held by Cimex Invest Inc., a Czech Republic-based investment company led by Jana Sobotova.
Cimex Invest Inc. acquired the mansion in 2016 for $12 million and subsequently listed it for $17.5 million in 2018. This ownership transition highlights the dynamic nature of the luxury real estate market in Coral Gables and the property’s enduring appeal to international investors and high-net-worth individuals.
Other Notable Sales in Gables Estates
The Gables Estates area has seen several high-profile real estate transactions, underscoring its status as a premier location for luxury homes. Among these notable sales, Howard Frank, a leader in the cruise line industry, sold his mansion for $20 million.
In another significant transaction, the head of Columbus Capital Lending parted with their waterfront home for an impressive $33 million. These sales, along with the Hakkak-Shipman purchase, demonstrate the continued demand for high-end properties in this exclusive neighborhood and the willingness of affluent buyers to invest substantially in Coral Gables real estate.
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The Background of Andre Hakkak and Marissa Shipman
Andre Hakkak and Marissa Shipman represent a formidable partnership in both business and personal spheres. Hakkak, with his background in finance and role as CEO of White Oak Global Advisors, brings extensive experience in global investments and strategic financial planning.
Shipman, as the founder of The Balm Cosmetics, contributes creative vision and entrepreneurial prowess from the beauty industry. Their diverse skill sets and shared drive for success have propelled them to prominence in their respective fields.
Together, they embody the concept of a power couple, leveraging their strengths to achieve collective success and now expanding their influence into the luxury real estate market with their Coral Gables acquisition.
Marissa Shipman’s Professional Career
Marissa Shipman’s professional journey is marked by innovation and entrepreneurial spirit in the competitive cosmetics industry. In 2004, she founded The Balm Cosmetics, a brand that quickly gained recognition for its high-quality products and distinctive packaging.
Shipman’s keen understanding of consumer preferences and market trends has been instrumental in the brand’s growth and success. Under her leadership, The Balm has expanded its product line and market presence, establishing itself as a notable player in the beauty sector.
Shipman’s career exemplifies the potential for success when passion, creativity, and business acumen converge, inspiring aspiring entrepreneurs in the beauty industry and beyond.
The Relationship Between Andre Hakkak and Marissa Shipman
Andre Hakkak and Marissa Shipman’s relationship exemplifies a partnership built on mutual respect and support for each other’s professional endeavors.
Their diverse backgrounds in finance and beauty complement one another, creating a dynamic synergy that has contributed to their successes and their joint ventures, including their recent high-profile real estate acquisition in Coral Gables.
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Marissa Shipman’s Personal Life and Interests
Beyond her role as a successful entrepreneur, Marissa Shipman cultivates a rich personal life with diverse interests. She is known to have a passion for art, enjoys traveling, and is actively involved in philanthropic efforts, demonstrating a commitment to personal growth and giving back to the community.
FAQ’s
What is the value of the mansion purchased by Andre Hakkak and Marissa Shipman?
Andre Hakkak and Marissa Shipman purchased the Coral Gables mansion for $13.6 million. The property was previously listed for $17.5 million in 2018.
What are the main features of the Coral Gables mansion?
The mansion features six bedrooms, nine full bathrooms, and two half-bathrooms on nearly two acres of land. It also includes amenities such as a six-car garage, elevator, pool, and a separate structure for a gym or spa.
What are Andre Hakkak and Marissa Shipman known for professionally?
Andre Hakkak is the CEO and co-founder of White Oak Global Advisors, a global investment firm. Marissa Shipman is the founder of The Balm Cosmetics, a successful beauty brand known for its high-quality products and distinctive packaging.
How does the Hakkak-Shipman purchase compare to other sales in Gables Estates?
The $13.6 million purchase aligns with other high-profile sales in the area, such as Howard Frank’s $20 million sale and a $33 million waterfront home sale. These transactions highlight the desirability and prestige of the Gables Estates neighborhood.
What are some of Marissa Shipman’s interests outside of her professional life?
Marissa Shipman has interests in art, travel, and philanthropy. These pursuits reflect her commitment to personal growth and giving back to the community.
Final Thoughts
The acquisition of the $13.6 million Coral Gables mansion by Andre Hakkak and Marissa Shipman represents more than just a luxury real estate purchase. It symbolizes the culmination of their individual and joint successes, showcasing the rewards of their entrepreneurial endeavors in the finance and beauty industries.
This high-profile transaction not only highlights their achievements but also underscores the continuing allure of Coral Gables as a premier destination for affluent homebuyers. As Hakkak and Shipman embark on this new chapter in their lives, their story serves as an inspiration to aspiring entrepreneurs and business leaders.
Their journey demonstrates the power of combining diverse skill sets, mutual support, and unwavering determination to achieve remarkable success. The couple’s ability to excel in their respective fields while building a strong partnership offers valuable insights into balancing professional ambitions with personal fulfillment in today’s competitive business landscape.
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