Travis Herring and Katherine Ridgway represented the property owner in the negotiations.
The company is now occupying the entire 17th floor of the 1101 Brickell office property.
The park was fully leased at the time of sale to 46 tenants.
Jonathan De La Rosa and Matthew Albregts, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, Westar at Palm Plaza, a limited liability company.
The properties offer premium positioning across the street from FIU’s main campus.
Kristol and Kirk D. Olson, both senior vice presidents in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a Florida based private investor who originally purchased the center from the developer.
The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
Here are the most popular news headlines this past week on CRE-sources.
501 First Residences, located on NE First Avenue, will deliver 448 luxury condos to downtown Miami.
The New York-based luxury developer filed plans to redevelop the iconic Lincoln Road clocktower building, as well as to build a new boutique office building on the 12,000-square-foot lot located at 1665 and 1667 Washington Ave.
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