Simon Property Group, the nation’s largest developer with an eclectic portfolio ranging from outlet and entertainment to luxury centers, has added an upscale asset by acquiring the retail and parking components at Brickell City Centre in Miami.

Simon bought the assets from Swire Properties, a developer of mixed-use, commercial and residential properties in Miami.

Prior to the acquisition, Simon owned a 25 percent, non-managing interest in the retail at Brickell City Centre. With this latest transaction, the real estate investment trust will wholly own and manage the asset. In its announcement Friday, Simon did not disclose the cost of the acquisition.

Brickell City Centre is a 5-million-square-foot mixed-use property including a 500,000-square-foot open-air shopping center. Completed in 2016 and located in the heart of the Brickell district of downtown Miami, the four-level shopping center houses 90 retailers, among them Saks Fifth Avenue, Apple, Chanel Fragrance & Beauty Boutique, Coach, Kirk Jewelers, Lululemon, Sephora, Zara, Richard Mille, Sandro and Nike. The center also houses more than 15 “premium” dining and entertainment locations, including Motek, Tacology, The Henry, PuttShack, and a “luxury VIP” cinema from CMX.

Among Brickell’s more sophisticated architectural features is its $30 million, three-block long, elevated glass and steel trellis called the Climate Ribbon, which protects visitors from sun and rain. It cools the environment and collects rain water that gets recycled for irrigation and other uses. Due to the construction, the light in the center changes constantly as the day progresses and the position of the sun, in relation to Earth, shifts.

Another unique element is the Metromover station right at Brickell City Centre. Metromover is a free train service that operates seven days a week in the downtown Miami and Brickell area, taking people to the FTX Arena, where the Miami Heat basketball team plays, Bayside Marketplace and Miami Dade College. The Metro Rail line also stops two blocks away.

The acquisition bolsters Simon’s already strong presence in the Miami area. The real estate giant wholly owns or has stakes in the Dadeland Mall, Miami International Mall and the Dolphin Mall.

The Miami-based Swire Properties Inc. is best known for its $1 billion, master-planned development of Brickell City Centre and the island of Brickell Key in downtown Miami. The company is the U.S. real estate arm of Swire Properties Limited, which develops and manages commercial, retail, hotels and residential properties globally. Swire Properties’ ultimate holding company is the U.K.-based John Swire & Sons Limited, an international conglomerate with a diversified portfolio of businesses founded in Liverpool over 200 years ago.