Starwood Capital Group has acquired two office parks in Miramar for $82 million. The transaction for Miramar Center and Huntington Centre office total 373,902 square feet of Class A office space in four buildings. They were built between 2000 and 2006 and are located near the intersection of Interstate 75 and Miramar Parkway. The transaction went through at a price of $219 per square foot. The seller, Metropolitan Life Insurance Co., was represented by HFFās Hermen Rodriguez, Ike Ojala and Jorge Portela. The transaction was fueled by a $60 million mortgage from Bank of America.
āThese high-quality suburban office buildings generated much interest among institutional real estate investors,ā Rodriguez said. “There is a clear interest in acquiring Class A office buildings, in submarkets that have a nearby, well-educated workforce and excellent nearby transportation hubs.”
