Office in the Grove

PROPERTY CHARACTERISTICS

• Fully-leased 76,000 sf office building

ACQUISITION

• April 2014

INVESTMENT OPPORTUNITY

• Off-market, unsolicited transaction
• Positioned at the heart of Coconut Grove’s ongoing renaissance
• Located between two ultra-luxury condo developments designed by renowned international architects
• High-quality, in-place office tenants

EXECUTION

• Purchased at an in-place yield commensurate with comparable office buildings
• Site is one of the best redevelopment parcels remaining in Coconut Grove