Azora Exan Acquires Office Property At 429 Lenox Avenue In Miami Beach For $37M

The office property located at 429 Lenox Avenue in Miami Beach has been sold for a total price of $37,000,000. Spanning across 80,223 square feet, the property was acquired by Azora Exan, represented by Juan Jose Zaragoza and Fernando Perez-Hickman. The seller in this transaction is Robert C. Goddard III. The sale was facilitated by the lender, Abanca USA, with their representative being Jonathan Kurry of Reed Smith.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $37,000,000
• Address: 429 Lenox Avenue, Miami Beach
• Market: Miami Beach
• Buyer: Azora Exan - Juan Jose Zaragoza & Fernando Perez-Hickman
• Seller: Robert C. Goddard III
• Lender: Abanca USA
• Lender's Rep: Jonathan Kurry - Reed Smith
• Square Footage: 80,223
• Price Per Square Foot: $461

The sale of this office property on 429 Lenox Avenue highlights the involvement of key individuals and companies in the deal. Juan Jose Zaragoza and Fernando Perez-Hickman represented Azora Exan as the buyer, while Robert C. Goddard III acted as the seller. Jonathan Kurry, from Reed Smith, served as the representative for lender Abanca USA. The successful completion of this transaction signifies a significant investment in the Miami Beach market.