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Downtown Miami Office Tower Sells for $74 Million
Moishe Mana has acquired the Museum Tower office building in Downtown Miami from Bridge Investment Group for $73.75 million.
The 243,825-square-foot 28-story building is located at 150 W. Flager Street. It was completed in 1983 and is currently 92-percent leased with tenants including Bank of America and law firms Stearns Weaver Miller Weissler Alhadeff & Sitterson and Luks Santaniello Petrillo Cohen & Peterfriend.
Starwood Mortgage Capital provided an acquisition loan for the transaction. Mika Mattingly and Cecilia Estevez of Colliers represented the buyer. Christian Lee and Sean Kelly of CBRE represented the seller, which purchased the property for $64 million in 2019.
Museum Tower is the latest addition to Mana’s portfolio. He owns more than 70 buildings spanning about 1.5 million square feet in the Flagler Street area. This includes the building adjacent to the Museum Tower and the 13-story Nikola Tesla Innovation Hub currently under construction.
- ◦Sale/Acquisition
