Related Group has sold their former headquarters in One Miami after moving to their new headquarters which they recently completed in Coconut Grove. Located at 315 S. Biscayne Blvd. the 34,341 SF office and restaurant building sold for $24.08 million to the Mexico-based Zentrix Industries Limited. The transaction was financed with a $12 million loan provided by Apollo Bank. The transaction was overseen by David Wigoda and Sean Kelly of CBRE, who represented Related Group.

The five-story commercial building was developed by Related Group in 2006. The property features 136 parking spaces faces the waterfront, situated at the entrance to the Miami River. The building comprises two top floors of office space, one floor of restaurant space, one floor of enclosed parking and the ground level features the lobby and additional parking. Both the office and restaurant spaces are being actively marketed for leasing. The property is in the heart of one of Miami’s most desirable commercial neighborhoods, with the mammoth Met Miami’s mixed-used development across from the property and next door the new luxury condo project Aston Martin Residences on the rise.

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