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Last Updated: December 3, 2012 09:32am ET

BankUnited Buys Hialeah Site for New Branch

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HIALEAH, FL-BankUnited has picked up a site on East 25th Street from a Hialeah restaurant owner to house a new branch there. The Miami Lakes-based bank paid $1.4 million for the 18,959-square-foot property at 802 E. 25th St. in Hialeah.

Miami Latin Grill LLC, controlled by Manuel E. Costa, sold the Hialeah site to the bank. The site will eventually accommodate a BankUnited branch. As of June 30, the bank was in the sixth position for South Florida deposits. For the full story, go to South Florida Business Journal . News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

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