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Florida & Gulf Coast  |  July 31, 2020
David Cohen
By: David Cohen

Northwood Investors Snags Two Miami Office Towers for $163M

Northwood Investors has acquired Two and Three Brickell City Centre, two office buildings at the Brickell City Centre mixed-use project in Miami. The sales price was reported as $163 million.

Two Brickell City Centre, which is located at 78 SW Seventh St., traded for $80.3 million. Three Brickell City Centre, which is located at 98 SW Seventh St., traded for $82.7 million. Combined, the two towers consist of 260,000 square feet. The current tenant roster includes WeWork, law firm Akerman LLP and consulting firm McKinsey & Co.

The seller was Hong Kong-based Swire Properties, which developed Two and Three Brickell City Centre in 2016. Swire will retain ownership of the open-air shopping center at Brickell City Centre.

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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