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Related Group and BH Group have purchased the Aventura View office building in Miami, FL for $51 million.

Joint Venture Acquires $51M Aventura Parcel, Plans Both Reno and Replace

A joint venture between Related Group and BH Group have closed on the $51-million acquisition of a 4.5-acre parcel in the Miami, FL submarket of Aventura. The site is home to the 107,000-square-foot Aventura View office building, which the buyers intend renovate and upgrade as well as replace the existing surface parking with a mixed-use project.

“As Miami continues to grow and evolve, it is critical that every possible parcel is used to its maximum potential,” said Jon Paul Pérez, Related president. “Through this deal we are not only adding Class A office supply, but also providing the Aventura community with additional commercial and recreational spaces.”

As currently planned, the mixed-use development will feature new Class A office space, luxury residential housing with top-tier amenities, prime ground-floor retail for entertainment and restaurant users and a structured parking facility.

The developers have selected Arquitectonica for the design and Blanca Commercial Real Estate for leasing and management of the office building.


Inside The Story

Related Group's Perez

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