State Street Realty Co-Brokers Record Keys Deal

Dec 30, 2014 No Comments by

State Street Realty, a Miami-based brokerage and advisory firm, along with Ocean Reef Club Real Estate Company participated in the sale of the Marina Inn property in the exclusive Ocean Reef Club in Key Largo.

The transaction is valued at $20 million, one of the largest commercial real estate transactions in Ocean Reef Club, according to a release.

George Pino, SIOR, president of State Street Realty, along with William Dickinson, Broker Associate, Ocean Reef Club Real Estate Company, assisted the Buyer, Marina Inn Land, LLC in this successful transaction.

The Marina Inn property is located within the exclusive Ocean Reef community in the Florida Keys and less than an hour from Miami. The Buyer plans to redevelop the Marina Inn site with 30 new luxury condominium units. The three-acre property includes 750 feet of waterfront and currently consists of eight large two-bedroom rental properties.

Also included in the transaction was Russell Post of Sotheby’s International Realty.

 

 

Pino stated, “It is an honor and a privilege to be involved in a transaction at Ocean Reef Club. Over the past 24 months, State Street Realty has participated in $35 million of transactions at the private and exclusive Ocean Reef Club.”

 

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Industry News, Multifamily, NA
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