Friday, March 24, 2017

BB&T Bank and Corporate Offices Up for Sale at $17 Million in Miami, FL

Gabriel Britti (left) and Ronnie Issenberg

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced it has retained the exclusive listing for a net-leased BB&T Bank and its corporate offices in downtown Miami. The price is $17 million.

“BB&T demonstrated its commitment to Brickell Avenue and Miami’s financial district by completing a seven-year lease extension that includes the building’s ground-floor bank branch and café space and corporate offices on the 10th and 11th floors,” says Ronnie Issenberg, first vice president investments in Marcus & Millichap’s Miami office.

American Airlines Arena, Miami, FL
“The location is a world-class banking environment in one of the densest neighborhoods south of Manhattan in the country.” Issenberg, and Gabriel Britti, also a first vice president investments in Miami, are representing the seller, a Florida Limited Liability Company.

“During a time when many bank branches in secondary and tertiary markets are closing their doors because of online banking, this branch is thriving,” adds Britti. “We consider this net-leased opportunity, located at one of the busiest intersections in downtown Miami and surrounded by hundreds of thousands of full-time residents to be ‘internet-proof.’”

            The bank and its corporate offices are situated in one of downtown Miami’s signature office buildings at 1200 Brickell Ave., in the midst of 36 million square feet of office, retail, hotel and residential space. Brickell City Centre, a $1.05 Billion, 5.4 Million Square Foot shopping and mixed use project is a five minute walk from this property.

The American Airlines Arena, home of the Miami Heat, is 1.5 miles away and the Miami International airport is within 10 miles. BB&T has been occupying the combined 28,350 square feet of space for more than 10 years. BB&T Bank has more than $210,000,000 in deposits and is backed by S&P A-rated Corporate Branch Banking and Trust Co.

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

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