500 South Point Drive has been sold to 500 South Pointe Investments, a Montreal-based company, for $18 million by the Development Group of South Florida. The 30,000 square foot building located just north of South Pointe Park and west of the Continuum South Beach was last sold in 2006 for $7.8 million. The vendor’s $10 million mortgage was taken over by South Pointe Investments as part of the sale.
