Two Office Buildings In Coconut Grove Trade For $47.7 Million

Jan 22, 2020 No Comments by

Madison Marquette, a real estate investor, developer and operator, has acquired two office buildings in Coconut Grove for $47.7 million.

The properties include the 80,380-square-foot Continental Plaza, located at 3250 Mary St., and the 57,155-square-foot Bayview Executive Plaza, located at 3225 Aviation Ave. less than a mile from Continental Plaza.

MetLife provided a $17.6 million acquisition loan for Bayview Executive Plaza and a $25 million acquisition loan for Continental Plaza.

Allegra Holding, which bought the assets in 2015 for $42 million, sold the buildings to Madison Marquette.

Roberto Susi and Jose Sasson of Axiom Capital Advisors represented the buyer in the transaction.

 

Source:  RE Business

 

 

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Industry News, Miami-Dade County Office, NA, Office
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