Thursday, February 9, 2012

HFF closes sale of Miami Heart Institute in Miami Beach, FL



MIAMI, FL – HFF announced today that it has closed the sale of the Miami Heart Institute (top left photo), a nearly 700,000-square-foot medical facility in Miami Beach, Florida.

HFF marketed the property on behalf of the seller, Mount Sinai Medical Center.  Lionheart Capital purchased the facility for an undisclosed price.

The Miami Heart Institute is located at 4701 North Meridian Avenue less than one mile from the Mount Sinai Medical Center in Miami Beach.  The facility consists of a seven-story hospital building plus two parking garages.  On-site amenities include a waterfront dining facility and a conference center with a 241-seat auditorium.

The HFF investment sales team representing the seller was led by executive managing director Manny de Zarraga and director Ike Ojala.

Contacts:
                                        
MANUEL DE ZARRAGA                            IKE OJALA                           
HFF Executive Managing Director             HFF Director                            
(305) 448-1333                                            (305) 448-1333                       
mdezarraga@hfflp.com                               iojala@hfflp.com                   

 KRISTEN MURPHY
HFF Associate Director, Marketing
 (713) 852-3500

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