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The buyer is affiliated with Florida East Coast Realty.
The company plans to hire brokers for all commercial real estate sectors.
Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell, Mike Ciadella, and Greg Miller of Cushman & Wakefield arranged the sale on behalf of the seller.
The annual celebration, which acknowledges excellence throughout the South Florida commercial real estate (CRE) industry, will be held Thursday, March 14th, at the Seminole Hardrock Hotel & Casino Hollywood from 5:00 to 9:30 p.m.
The deal was brokered by Commercial Sales Agent Melissa Martz, Esq., with local and boutique brokage firm The Royal Crown Group.
The property features a full block’s frontage on Biscayne Boulevard between 25th and 26th streets.
In honor of the New Year, here are the most popular news headlines of 2023 on CRE-sources.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.