$18M Gives Investor Office, Parking Garage

NORTH MIAMI BEACH-Devin Square LLC buys the 106,000-sf Regions Bank Building and a 119,000-sf parking structure for $18 million.

By Natalie Keith | April 27, 2007 at 01:43 PM

Also included in the sale was a 119,000-sf, two-level parking structure with 423 parking spaces. The buyer was represented by Marcus & Millichap senior associate Alex Zylbergait. The seller was NRI LLC, which was represented by Lawrence Stockton, Robert Listokin and Sal Bonsignore, of Colliers Abood Wood-Fay.

"The property is in excellent condition, with fantastic visibility from Florida's Turnpike and has a good mix of units and is extremely well occupied," Stockton says.

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