
Lennar Miami HQ Trades for $40M
Lennar Corporate Center, a four-building office complex totaling 289,986 square feet in Miami, has reportedly sold for $40 million. The buyer was NayaUmi LLC, while the seller was Boston-based Colony Realty Partners.
Lennar Corporate Center was developed by Lennar Corp. between 1982 and 1993, and has served as its HQ since then. The 16.4-acre property comprises four, four-story buildings at 700, 730, 760 and 790 NW 107th Ave. in Miami’s Airport submarket.
HFF’s investment sales team representing the seller included Hermen Rodriguez, Ike Ojala and Tracey Goo. HFF also procured the buyer. NayaUmi LLC is a partnership between Naya USA LLC and Coast Capital Partners LLC.
Berkadia’s Christopher Apone and Charles Foschini secured a $28.6 million loan on behalf of NayaUmi for the acquisition.
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- ◦Sale/Acquisition