Bridge Investment acquires South Florida offices for $123m
Bridge Investment Group is set to acquire two office properties in South Florida for a combined $123m. The properties include the the 387,000 sq ft Offices at Flagler Station in Medley and the 141,000 sq ft Offices at Doral Square. The Offices at Flagler Station feature three class A buildings that are 91 percent occupied. Tenants include Brightstar Corporation, State Farm Insurance, the University of Miami, CVS and Progressive Insurance. The Offices at Doral is 89 percent occupied and recently added a $4.5m, three-story garage. DRA Advisors is the seller of both assets.