Thursday, May 12, 2016

HFF closes $105.28 million sale of Aventura Corporate Center in Miami, FL

Aventura Corporate Center, Aventura, FL

MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Aventura Corporate Center, a three-building, core office park with 252,244 square feet of Class A office space in Aventura, Florida, an affluent northeastern suburb of Miami.

HFF marketed the property on behalf of the seller, Groupe Pacific.  Renaissance Properties purchased the park for $105.28 million.

Manuel de Zarraga
Aventura Corporate Center consists of 20801, 20803 and 20807 Biscayne Boulevard, plus three parking garages and significant additional development rights.  The campus-like setting offers tenants an on-site café and the Coconut Grove Bank featuring a drive-through teller.

  Major tenants include Morgan Stanley, South Broward Hospital, Regus, Serendipity Labs and Corpac Steel.  Aventura Corporate Center is located at the intersection of Biscayne Boulevard and NE 207th Avenue across from the world-class Aventura Hospital and Medical Center.

  This location is the midpoint of a one-mile stretch filled with more than 400 retailers at landmarks including Aventura Mall, Promenade Shops at Aventura, Aventura Commons and The Village at Gulfstream Park.  

The AC Hotel by Marriott and the ParkSquare Aventura developments underway on-site and adjacent to the park, will create a walkable “Town Center” atmosphere when complete.

The HFF investment sales team representing the seller was led by executive managing director Manny de Zárraga, director Ike Ojala, senior managing director Hermen Rodriguez and associate director Jorge Portela.  The buyer was represented by Bob Dockerty of Dockerty Romer & Co.

“Aventura Corporate Center represents the largest concentration of office product in Aventura, and was a truly generational opportunity for the new owner to acquire a core office park with significant additional development upside in one of Miami’s most coveted areas,” said de Zárraga.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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