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| Michael T. Fay |
MIAMI, FL - Colliers International South Florida is pleased
to announce the sale of 3170 Coral Way, a 1.3-acre site known as Blue on
Coral Way.
John K. Crotty, CCIM , Executive Vice President &
Partner and Michael T. Fay, Chairman & Founding Partner, represented
the seller Beacon Trustee and Brickell Trustee in the $4.2 million bankruptcy
auction sale.
The site is zoned for multiple uses including hospitality,
office and retail development, as well as multifamily development up to 67
residential units per acre. There were five qualified prospective buyers
bidding for the site. Buyer RBC Acquisitions Group, LLC won the auction and has
plans to develop the property in the near future.
"The sale points to the continued trend of demand for
quality multifamily and condo development sites," says Crotty
For a complete copy of the company’s news release, please
contact:
Crystal Proenza
Vice President of Marketing and Culture
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138
Email: crystal.proenza@colliers.com
www.colliers.com
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