The building was built in 1982 as luxury office condominiums forCoconut Grove law firms. Grove Building Ltd. put the units togetherover time and sold the building after it completed its investmentstrategy of assembling all the condo units.
Thomas H. Brymer II, president of Thomas H. Brymer II PA,represented Grove Building Ltd. in the transaction. Otto Traviesoof Easy Way Realty represented Grove Professional Building LLC.
The Grove Professional Building was the third office buildingsale in the Coconut Grove submarket in the past year, according toBrymer. Cardinal Management purchased Grand Bay for $33 million, or$206 per sf, and WPB Miami Acquisitions purchased Continental Plazafor $11.6 million, or $144 per sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
