Miami Office Tower Sale Closes For $274M
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
This author has yet to write their bio.
Meanwhile lets just say that we are proud ADMIN contributed a whooping 2137 entries.
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
The two fully leased Class A buildings total 312,834 square feet.
The lot, located at 3000 SW 28 Street in Miami, is currently occupied by Farrey’s Lighting & Bath, a 100-year-old family-run business.
Located at 7909–7911 East Drive, the site spans 23,707 square feet and is currently occupied by two older residential buildings totaling 29 units.
The project is designed to alleviate traffic by bringing jobs and entertainment closer to home.
Kirk Olson and Drew Kristol, Marcus & Millichap senior managing director investments, represented the seller, Galium Capital, and procured the buyer, an affiliate of JBL Asset Management.
The 92,089-square-foot retail center is 100% leased and anchored by Milam’s Market, Walgreens, Orion Fuels and Ace Hardware.
The dining venue will span over 20,000 square feet across three levels of indoor and outdoor space.
The state-of-the-art center is UHealth’s largest outpatient medical facility.
Read on for the most popular news headlines this past week on CRE-sources.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
