Doral Concourse, 5 Additional Properties Trade For $132 Million

Companies linked to New York-based DRA Advisors plunked down about $132 million for the Doral Concourse office building and five properties at Miami’s Flagler Station.

The DRA companies, already an active investor in the South Florida market, acquired the portfolio from Coral Gables-based Flagler in a transaction recorded last week, according to Miami-Dade County records.

In addition to the 240,000-square-foot Doral Concourse, DRA picked up four office buildings and one retail building totaling nearly 500,000 square feet.

Flagler Global Logistics began construction on the park’s third phase in mid-May.

Source:  The Real Deal

 

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