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| 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.
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| 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 | www.hfflp.com
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