Office in the Grove

Miami, FL

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