RealOp Investments Acquires Blue Lagoon Drive Offices In Miami For $101M

The property involved in this closed transaction is an office located at 6100, 6303 & 6505 Blue Lagoon Drive in Miami. The property spans a total area of 498,073 square feet and was sold for a price of $101,020,000, resulting in a price per square foot of $203. The sale took place on May 4, 2021.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $101,020,000
• Address: 6100, 6303 & 6505 Blue Lagoon Drive, Miami
• Market: Miami
• Buyer: RealOp Investments - Reggie D. Bell & Kyle G. Putnam
• Seller: metlife-investment-management'>metlife-investment-management'>metlife-investment-management'>MetLife Investment Management
• Broker: Cushman & Wakefield
• Square Footage: 498,073
• Price per Square Foot: $203

The buyer in this transaction is RealOp Investments, represented by Reggie D. Bell & Kyle G. Putnam. The seller of the property is metlife-investment-management'>metlife-investment-management'>metlife-investment-management'>MetLife Investment Management. The deal was facilitated by Cushman & Wakefield.