Gateway Renellie LLC Acquires Property In Doral From New Boston Fund For $96.1M

The property involved in this transaction is One Park Square, a Class A office building located at 3470 NW 82nd Ave, Miami, FL, 33122, in the Doral market. The building, which encompasses approximately 282,000 square feet, was sold for $96,100,000. It features around 50,000 square feet of ground floor retail space, a fitness center, conference center, and parking. The building was completed in 2010 and is currently 91 percent leased.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $96,100,000.00
• Address: 3470 NW 82nd Ave, Miami, FL, 33122
• Market: Doral
• Seller: New Boston Fund
• Buyer: Gateway Renellie LLC
• Seller's Representatives: José Lobón (CBRE), Andrew Chilgren (CBRE)
• Borrower's Representative: Amy Julian (CBRE)
• Square Footage: 282,000 SF

The deal involved significant representation from CBRE, with Chris Lee, José Antonio Lobón, and Andrew Chilgren representing the seller, New Boston Fund. Other representatives included Tere Blanca, Danet Linares, and Andres del Corral from Blanca Commercial Real Estate. Additionally, this transaction marks a continued investment by TA Realty, which has made multiple purchases in the CityPlace area recently, with no financing recorded for this particular deal.