New York Based Opportunity Fund Acquires Aventura Corporate Center For $140M

The Aventura Corporate Center located at 20801-20807 Biscayne Blvd in Aventura has been sold for a staggering price of $140,000,000. The property spans across 8.62 acres, resulting in a price per acre of $16,241,299. This mixed-use asset attracted the attention of a New York-based Opportunity Fund, who emerged as the buyer in this transaction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $140,000,000
• Address: Aventura Corporate Center 20801-20807 Biscayne Blvd
• Market: Aventura

The buyer, a New York-based Opportunity Fund, recognized the potential of the Aventura Corporate Center and aims to develop it into a multi-family, retail, and class A office complex. Facilitating this deal was Liza Hernandez of PMG Residential, who has a remarkable track record of selling over half a billion dollars worth of new development mixed-use and off-market commercial real estate in less than 10 years. Liza Hernandez can be reached at 786 459 0787 or [email protected].