MIAMI—As Dade-County’s office market continues to recover, there’s been new leasing assignments handed out. Continental Real Estate Companies (CREC) just won the leasing assignment for Aventura View, a 106,500 square foot office building in Aventura.
Previously known as Concorde Centre II, Steelbridge Capital and a real estate investment fund managed and advised by Apollo Global Real Estate Management, acquired the office asset in a rare Aventura office deal in late December. The deal was negotiated principal to principal and had been held by the same owner since it was built in 1988.
CREC senior vice president Steven Hurwitz and vice president Douglas Okun will oversee the leasing and marketing of Aventura View on behalf of Steelbridge. Steelbridge will be managing the property and is preparing for a series of building upgrades, including renovations to all common areas and a reconfigured parking lot.
“The building enjoys a great location in Aventura and strong occupancy,” Hurwitz tells GlobeSt.com. “The new ownership group is committed to substantial renovations, which will make Aventura View one of the premier buildings in the market. Aventura remains a very strong market with relatively low vacancies compared to other submarkets in South Florida.”
Located at 2999 NE 191st St., Aventura View is situated just south of Lehman Causeway and Aventura Mall, and located adjacent to Aventura City Hall. Aventura View is approximately 80% occupied, with approximately 22,000 square feet of office space available for immediate occupancy. The largest available contiguous office space measures approximately 4,300 square feet. A JGB bank branch is located in the ground floor of the building.
“The demographics of Aventura are some of the strongest in South Florida,” Okun tells GlobeSt.com. “Business leaders and key decision makers often reside in Aventura.”