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| 1300 South Miami Ave., Miami, FL |
MIAMI, FL – HFF announced it has closed the sale of 1300
South Miami Avenue, a 1.29-acre mixed-use development site in Miami,
Florida.
HFF
marketed the property on behalf of the seller, South Miami Ave, LLC. Related Group purchased the development site
for $18.5 million.
The
site is approved for the development of a 556-unit residential tower plus
15,049 square feet of retail space and 38,357 square feet of office space.
Located at the intersection of Coral Way (SW
13th Street) and South Miami Avenue, the site is close to the Mary Brickell
Village and Brickell Citi Centre projects as well as Interstate 95 in the
Brickell financial district.
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| Manny de Zarraga |
The HFF team of executive managing director Manny de
Zárraga and director Jaret Turkell
represented South Miami Ave,
LLC, an investment group led by Miami-based Alex Vadia.
Since its inception in 1979, The Related Group, a
privately-held company, has built and managed more than 80,000 condominium and
apartment residences in major markets throughout Florida.
HFF’s Florida multi-housing and land group has closed more
than $825 million of multi-housing transactions in the past 12 months.
 |
| Jaret Turkell |
HFF (Holliday
Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc.
(NYSE: HF). HFF operates out of 21
offices nationwide and is a leading provider of commercial real estate and
capital markets services to the U.S. commercial real estate industry.
HFF together with
its affiliate HFFS offer clients a fully integrated national capital markets
platform including debt placement, investment sales, advisory services, equity
placement, loan sales, and commercial loan servicing.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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