Tricera Capital And Lndmrk Development Acquire Office In Miami Design District For $28M

An office property in the Miami Design District has been sold for $28,000,000. The property, located at 222 Northwest 24th Street, spans 100,000 square feet and has a price per square foot of $280. The sale was completed on April 21, 2021. The buyer of the property is Tricera Capital, represented by Ben Mandell, Scott Sherman, and Alex Karakhanian of Lndmrk Development. The seller of the property is RedSky and JZ Capital Partners.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $28,000,000
• Address: 222 Northwest 24th Street
• Market: Miami Design District
• Square Footage: 100,000
• Price Per Square Foot: $280

The deal involved Tricera Capital, with representatives Ben Mandell, Scott Sherman, and Alex Karakhanian of Lndmrk Development. They successfully acquired the office property in the Miami Design District from RedSky and JZ Capital Partners. This transaction marks an important milestone for all parties involved, further strengthening their positions in the real estate market.