Thursday, April 4, 2013

HFF closes sale of HSBC Building in Miami Beach, FL



301 Arthur Godfrey Road, Miami Beach, FL
MIAMI, FL –HFF announced it has closed the sale of 301 Arthur Godfrey Road, an office building anchored by HSBC Bank in Miami Beach, Florida. 

HFF marketed the property on behalf of the seller, Cabi 301 Commercial, LLLP.  A private investment firm purchased the property for $15.125 million free and clear of existing debt.

301 Arthur Godfrey Road is located at the intersection of Pine Tree Drive along Miami Beach’s “Bankers’ Row”.  The property is 100 percent leased to a diverse mixture of tenants including HSBC Bank.  


Hermen Rodriguez
The 1.07-acre site is comprised of the six-story office building and a parking lot, which provides future development potential.

The HFF team representing the seller was led by senior managing director Hermen Rodriguez and director Ike Ojala and included executive managing director Manuel de Zárraga and senior real estate analyst Jorge Portela. 

“This offering attracted broad domestic and international investor interest.  It confirms that buyers globally are seeking high-quality assets in the Miami market,” said Rodriguez. 

Ike Ojala
“Investors found the property’s highly visible gateway location, at the eastern entrance of the Arthur Godfrey Road retail corridor, often referred to as Bankers’ Row, as well as the long-term HSBC Bank lease and additional development potential especially appealing,” added Ojala.

HFF’s investment sales team closed more than $4.9 billion in office building sales nationally in 2012.  HFF closed more than $400 million in office transactions across all capital markets platforms in the state of Florida during 2012.

For a complete copy of the company’s news release, please 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 | www.hfflp.com

No comments:

Post a Comment