Adon Panattoni Of Panattoni Development Acquires Two Office Buildings From Jonathan Slager For $20.8M

The transaction involved two office buildings located at 10451 Northwest 117th Avenue Building 1100 and 9675 Northwest 117th Avenue Building 1300 in Medley. The sale price for the buildings totaled $20,800,000. The properties are situated within the Flagler Station business park, indicating their relevance in a commercial context amid high vacancy rates in the area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,800,000
• Buyer: Adon Panattoni - Panattoni Development
• Seller: Jonathan Slager - Bridge Investment Group
• Date of Transaction: 05/09/2025

Adon Panattoni, representing Panattoni Development, acquired the properties from Jonathan Slager of Bridge Investment Group, who relinquished a Miami-Dade office building via a deed in lieu of foreclosure. The transaction reflects Bridge Investment Group's struggles amid financial issues in South Florida's declining office market.