The office buildings total 120,000 square feet and are 69% occupied. The office buildings total 120,000 square feet and are 69% occupied.

MIAMI—Ivy Realty just purchased Miami Beach Towers, a two-building class A office portfolio in the heart of Miami Beach. The sale price: over $47 million.

The office buildings sit on Meridian Road just 400 feet from the Lincoln Road esplanade that sees over 20,000 visitors daily. The office buildings total 120,000 square feet and are 69% occupied. The Miami Beach Towers buy comes on the heels of Ivy Realty’s purchase of over 350,000 square feet of class A office buildings by Miami International Airport less than two months ago.

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Jennifer LeClaire

GlobeSt

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