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Brick & Timber and Argosy Capital Partners have acquired of the Cube WYNWD office building in the Miami, FL neighborhood of Wynwood for $62 million.

Brick & Timber, Argosy Capital Partners Drop $62M on Class A Office in Miami

A joint venture between Brick & Timber, a developer and real estate asset manager, and Argosy Capital Partners, an investment advisory firm, has acquired Cube WYNWD, a Class A office-and-retail building located in the Miami, FL neighborhood of Wynwood for $62 million

Scott Wadler of Berkadia arranged secured a $36.2-million loan for the financing on behalf Brick & Timber and Argosy Capital Partners. JP Morgan provided the five-year fixed-rate loan with full term interest only.

Berkadia also lined up $27.5 million in senior and mezzanine financing when seller Tricera Capital and LNDMARK acquired the property in April of 2021. Since that acquisition, Tricera and LNDMRK leased up the entire building including major tenants such as Schonfeld Strategic Advisors and Shaolin Capital.

Cube WYND sits at 230 Northwest 24th Street. It was completed in 2019 with 10,000 square feet of retail space and 90,000 square feet of office space.


Inside The Story

Berkadia's Wadler

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition