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Bridge Investment To Pay $123M For Offices In Medley And Doral

offices at doral square

Bridge Investment Group is buying two office properties in Medley and Doral for nearly $123 million, a source told The Real Deal.

New York-based investment manager DRA Advisors is selling the 387,000-square-foot Offices at Flagler Station in Medley and the 141,000-square-foot Offices at Doral Square, according to the company’s website. DRA’s partner on the Doral property is Banyan Street Capital, a Miami-based firm.

The deals are expected to close this week, the source confirmed.

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Terra Group Buys Doral Parcel For $12.5M, Retail And Restaurant Center Planned

Terra Group just paid $12.5 million for a Doral parcel with plans to build a retail and restaurant center there.

Doral Court Development, an affiliate of Miami-based Banyan Street, sold the 3.86-acre parking lot at the southeast corner of Northwest 36th Street and Northwest 87th Avenue.

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DRA’s Investment In Doral Paying Big Dividends

The Transportation Security Administration (TSA) just signed a 30,000-square-foot lease at Doral Concourse.

The deal comes as Miami’s Doral submarket continues heating up. Cushman & Wakefield managing director Gordon Messinger represented the landlord, DRA Advisors. The TSA secured the long-term lease renewal in the class A office building, which is  located at 8400 Doral Boulevard.

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