Avison Young Closes $18M Sale Of Miami Medical/Professional Office Building
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
1801 Building is now 97% occupied following the latest transactions; Infinity Sales Group moves into the company’s Park at Broken Sound building.
New ownership plans to spend north of $10 million in capital improvements to the property throughout 2022, including renovations to the lobby areas, corridors, and restrooms of Tower I, II and III. Additionally, they will be enhancing tenant amenities with a conference center, lounge, and state-of-the-art gym.
Here are the most popular news headlines this past week on CRE-sources.
The lease brings Miami’s MedSquare Place to full occupancy prior to delivery.
Scott Goldstein, Keith Edelman and John Nugent with CBRE represented Aon in the lease negotiations.
He will join the firm’s Miami-based Office Agency Leasing team consisting of Brian Gale, Andrew Trench, Ryan Holtzman, Jeannette Mendoza and Lena Weeks.
Here are the most popular news headlines this past week on CRE-sources.
Construction of Midtown Place at Boca Raton will launch in early 2023, delivering the first major ground-up development of a multi-tenant Class A+ office building to the city in more than a decade. Butters expects to deliver the five-story, $70 million-plus office building by mid-2024.
In early 2023, Shutts & Bowen will relocate more than 30 employees to the 22nd floor of the building.
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