Harbor Group International Acquires $185M Miro Brickell in Miami
Affiliates of Norfolk, VA-based Harbor Group International, LLC, have acquired Miro Brickell, a 372-unit, Class A multifamily property in the Brickell neighborhood of Miami, FL for $184.5 million. The acquisition marks the seventh property currently under HGI’s ownership in Miami-Dade County, spanning more than 1,500 units.
“Miami is a priority market for HGI given its long-term multifamily fundamentals driven by corporate expansions and in-migration trends, leading to strong investment opportunities,” said Richard Litton, president of HGI.
HGI in March acquired ParkLine Miami, an 816, two-tower apartment community in Downtown Miami.
The 2017-constructed Miro Brickell is located minutes away from I-95 and Brickell’s Metrorail and Metromover stations, connecting residents to Downtown Miami, Downtown Doral and Miami International Airport. It is walkable to more than eight million square feet of office space and new corporate residents Microsoft, Apollo Global Management, Millennium Management and Citadel, which recently announced plans to move its global headquarters to Brickell.
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.