The former headquarters of Shoma Development sold for $12.8 million.
Doral Commons, a four-story, 59,727-square-foot office building in Doral, sold for $214 per square foot, records show. A company managed by Coral Gables real estate investor William Holly bought the property at 8550 Northwest 33rd Street.
In the latest sign of intense demand for stable, well-positioned assets in Doral, Terra’s Doral Commons retail plaza has traded hands to Jamestown, L.P.
The 140,000-square-foot center is 95 percent leased, with a tenant roster anchored by Publix Supermarket alongside TJ Maxx, Citibank, GNC, AT&T Wireless, McDonald’s, and others. According to public record, Miami-based Terra sold the shopping center to Jamestown for $72 million – turning a nice profit off a property that’s 95 percent leased.
In the latest sign of intense demand for stable, well-positioned assets in South Florida’s Doral submarket, Terra’s Doral Commons retail plaza has traded hands to Jamestown, L.P. The 140,000 square foot center is 95 percent leased, with a tenant roster anchored by Publix Supermarket alongside TJ Maxx, Citibank, GNC, AT&T Wireless, McDonald’s, and others.
