MIAMI—Entities of KAR Properties have acquiredanother high-density land site in the city's central businessdistrict that will be part of its Miami RiverVillage gated community for $33.1 million.
In a deal announced by Colliers International SouthFlorida, KAR, in what was described as a heavilycompetitive bidding process, acquired the 2.97-acre parcel fromRiverfront Parcel 5 LLLP and Riverfront Parcel 6 LLLP, bothcontrolled by Integra Investments. The deal wasvalued at $256 per square foot.
Colliers' Larry Stockton, AlexMorcate, CCIM and Jeff Resnickrepresented the seller in the transaction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
