TIC investors sink money into South Florida

Large office property changes hands near Miami

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Triple Net Properties recently represented tenant-in-common investors in the purchase of the 11-story Aventura Harbour Centre in Aventura, Fla. The value of the transaction was not disclosed. Aventura Harbour Centre, built in 2003, is a 213,500-square-foot office building located in the Miami metropolitan area. Designed by Arquitectonica, the property includes 9-foot floor-to-ceiling windows, 20,000-square-foot floor plates, and covered parking at 4 per 1,000 ratio in a 7-story parking garage. The property was approximately 87 percent leased at the time of sale to 35 tenants and major tenants including: Bank Hapoalim B.M., Aventura Business Center Inc., and UBS Financial Services Inc. Harbour Centre Associates sold the asset. ...