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| Lucky Start Executive Plaza, 8765 SW 165th Avenue, West Kendall, FL |
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| Marty Busekrus |
MIAMI, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the REO sale of Lucky Start Executive Plaza, a
two-building office park totaling 55,658 square feet plus a vacant development
site in West Kendall, Florida.
HFF marketed the property
on behalf of a regional bank, who had acquired the asset in a foreclosure
auction. IMC Property Management, Inc.
purchased the asset for $12.5 million.
Lucky Start Executive
Plaza is located at 8765 SW 165th Avenue about four miles south of the Tamiami
Trail in the southwestern Miami suburb of West Kendall.
The property is within a few blocks of Baptist
Health System’s newly-built, 30-acre medical facility as well as the proposed
Kendall Town Center, which will include office, multi-housing, hotel, senior
housing and community space.
The property consists of two office buildings
that are 54.1 percent leased to medical and professional tenants plus a vacant
pad site for the future development of a three-story, 89,000-square-foot office
building.
The HFF investment sales team representing the
seller was led by director Marty
Busekrus, associate director Jorge
Portela and executive managing director Manny de Zárraga,.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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