Greenacres Management Acquires Office In Miami Beach For $49.5M

An office building located at 1688 Meridian Avenue in Miami Beach has been sold in a recent transaction. The property, spanning 88,419 square feet, was sold for a price of $49,500,000. The buyer of the property is Greenacres Management, while the seller is Ivy Realty. The deal was facilitated by JLL Capital Markets representatives Ike Ojala, Hermen Rodriguez, Matthew McCormack, and Max La Cava.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $49,500,000
• Address: 1688 Meridian Avenue, Miami Beach
• Market: Miami Beach
• Square Footage: 88,419
• Buyer: Greenacres Management
• Seller: Ivy Realty
• Broker Representatives: Ike Ojala, Hermen Rodriguez, Matthew McCormack, Max La Cava

The sale of the office building at 1688 Meridian Avenue in Miami Beach marks an important transaction in the real estate market. The involvement of Greenacres Management as the buyer and Ivy Realty as the seller highlights the interest in commercial properties in the area. The deal was brokered by Ike Ojala, Hermen Rodriguez, Matthew McCormack, and Max La Cava from JLL Capital Markets, who played a crucial role in bringing the transaction to completion.