Tony Arellano of DWNTWN Realty Advisors represented both buyer and seller in the transaction.
The buyers intend to convert the property to art gallery and creative space.
The new sale marks the third time the brokers sold the same corner over a 10-year period.
This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market.
Eichholtz’s lease marks its first branded flagship location in Miami.
The 17,325-square-foot site sold for $1.88 million to a company that plans to construct a new corporate headquarters and sales center at the site.
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff listed the building.
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
The 1,758-square-foot eatery is scheduled to debut in spring 2022.
The site includes an existing 3,224-square-foot retail building and is zoned for development of up to 20 stories.
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