When it closes in two weeks, it will be South Florida’s largest office sale in more than a year.
The HFF investment sales team representing the seller included director Ike Ojala, senior managing director Hermen Rodriguez and associate director Jorge Portela. CLICK ON THE HEADLINE FOR MORE
The deal represents the third major office deal on Alhambra Circle this month. CLICK ON THE HEADLINE FOR MORE
Hermen Rodriguez, Ike Ojala and Jorge Portela of HFF represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
The purchase equates to $219 per square foot. CLICK ON THE HEADLINE FOR MORE
The property sold for $108 million, or $383 per square foot. CLICK ON THE HEADLINE FOR MORE
HFF also secured a $61 million, 10-year, fixed-rate loan for the buyer. CLICK ON THE HEADLINE FOR MORE
The new ownership plans to commence an extensive repositioning of the asset and will immediately implement an aggressive capital improvement and leasing plan that will once again return it to its Class A+ status. CLICK ON THE HEADLINE FOR MORE
Miami Tower, the iconic 600,000sf Class A downtown Miami office building that’s famous for its three-tiered design and changing exterior lighting schemes, becomes the Miami market’s largest office building sale of 2010.