Florida & Gulf Coast + South Florida + Office | March 28, 2023

Offices Trade Along North Miami’s Biscayne Corridor

CBRE arranged the sale of Biscayne Centre, a 156,446-square-foot office building located at 11900 Biscayne Blvd. in Miami. Biscayne Real Estate Holdings, LLC purchased the property for $39 million.

Benjamin H. Silver and Charlie Manuel with CBRE represented the seller, 11900 Biscayne LLC. They also procured the buyer.

“The property garnered significant interest, including a handful of competitive offers from buyers across the country,” said Silver. “Ultimately, we felt the best buyer would be someone who understood the local market dynamics and recognized the opportunity the property offered as a value-add play in an undervalued market.”

Centrally located between Aventura, Bal Harbour, Surfside and Miami Beach, Biscayne Centre is one of a small number of office buildings along the Biscayne Corridor in North Miami. At the time of sale, Biscayne Centre was 81% occupied.

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Inside The Story

CBRE's SilverCBRE's Manuel

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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