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MIAMI—Concorde Centre II, a 10-story, 106,500-square foot office building in Aventura, has traded. It’s the first major office asset trade in this Miami submarket in 2012. The last major office sale in Aventura was One Turnberry Place that sold in 2011 for $53 million or $389 per square foot.

Steelbridge Capital, a value focused real estate investor based in Miami, and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management, acquired the office building in an off-market transaction. This deal marks the largest office purchase in Aventura in 2012.

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