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.