Senior Reporter, South Florida Business Journal
An affiliate of Miami-based Integra paid $10.1 million for a three-story office building just north of Lincoln Road in Miami Beach.
Ivy MBT Property, an affiliate of Ivy Realty in Montvale, New Jersey, sold the 33,384-square-foot office building at 1674 Meridian Ave. to 1674 Meridian Ventures LLC, an affiliate of Miami-based Integra led by Nelson Stabile. Banesco USA provided a $12.57 million loan to the buyer.
The price equated to $303 per square foot.
The office building was developed on the 8,250-square-foot lot in 1959. The ground-floor space is retail.
Office space in the building was recently listed for lease online at $34.50 per square foot.
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