Whitfield Hamilton Of Hamilton Development Acquires Office Building In Medley For $20.4M

Hamilton Development acquired an office building located at 9725 Northwest 117th Avenue, Medley, for $20.4 million. The asset encompasses 126,224 square feet, yielding a price per square foot of $162.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,400,000
• Buyer: Whitfield Hamilton - Hamilton Development
• Seller: Jonathan Slager - Bridge Investment Group
• Broker: Matthew McCormack - JLL

The Nashville-based firm Hamilton Development intends to demolish the existing property and redevelop it as part of the planned Flagler Logistics Center industrial project, following a deed-in-lieu of foreclosure from Bridge Investment Group.