October 24, 2019 Comments Off on Bridge Investment Group Snags Miami Office Tower for $65M Views: 593 Florida News

Bridge Investment Group Snags Miami Office Tower for $65M

Bridge Investment Group has acquired Museum Tower, a 259,666-square-foot office tower in Miami’s central business district. The sales price was reported as $64.6 million.

Located at 150 West Flagler St., the 29-story tower was originally built in 1986. Since 2016, more than $3 million of capital has been invested in the building, including upgrades to HVAC and security systems, an overhauled fire alarm system, roof upgrades, a modern fitness center and a full elevator modernization, which is currently underway. Bridge plans to invest an additional $4.5 million in amenities and other enhancements at Museum Tower.

José Lobón and Christian Lee of CBRE represented the seller, Dallas-based real estate investment, leasing, management and construction company Gaedeke Group, in the transaction. The law firm of Kapp Morrison LLP served as the closing attorney.

Connect With Bridge Investment Group

Connect With CBRE’s Lobón

Subscribe to Connect Daily Florida

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.

Send this to a friend