MIAMI-The Related Group has bought the Infinity II site in Miami's Brickell area for approximately $18.5 million. Matt Allen, executive VP and COO of Related, said that the company has closed on the acquisition of the property at 1300 S. Miami Ave.
The acquisition price amounts to approximately $25 per square foot. Curbed was the first one to report on the deal. South Miami Avenue LLC purchased the property for $8.35 million in early 2010. For the full story, go to South Florida Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
