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Florida & Gulf Coast  + South Florida  + Office  |  December 9, 2019
David Cohen
By: David Cohen

Miami Office Building Trades for $13M

Avison Young has arranged the $13.2 million sale of One Seventeen Professional Arts Center, a four-story, multi-tenant, office building in Miami. John Crotty, David Duckworth, Michael Fay, Brian de la Fé, Berkley Bloodworth and Emily Brais of Avison Young represented the seller, Nuveen, in the transaction. The buyer was Green Cos.

Located at 11731 Mills Dr., the 63,206-square-foot property is currently 85 percent occupied by two tenants, Everglades University and VITAS Healthcare. The building is nearby the intersection of Florida’s Turnpike and Kendall Drive.

“The office building represents a strong investment for the buyer due to its strategic location, adjacent amenities, strong tenancy, the value-add opportunity through lease-up of vacant space and its distinctive modern features,” said Crotty.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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