A subsidiary of Lennar Corp. paid $56.25 million for Doral Corporate Center and a neighboring CVS pharmacy building.
Hines VAF II Doral, a subsidiary of Houston-based real estate giant Hines, sold the 150,662-square-foot office building to RREF III-P Doral Office for $48.75 million and the recently completed pharmacy building at 8750 N.W. 36th Street for $7.5 million to RREF III P Doral Outparcel.
One of the nation’s fastest-growing cities, Doral is attracting plenty of developers. CVS is the latest brand to take interest.
Hines hired High Street Retail to find a tenant for the corner of 87th and Doral Boulevard. High Street’s Sharon Dresser bought CVS to the table.
An affiliate of real estate developer Hines signed an $88 million construction loan for a Doral project that will feature residential, hotel rooms, retail and offices.