Business Services Industry

Barclays Financial Center - Big Deals: Miami-Dade

South Florida CEO, Sept, 2002

While the dollar price tag is not as high, the price per-square-foot beats the First Union Financial Center deal by almost 11 percent: Spain's Vallehermoso Group has signed a $130 million contract to buy the 32-story, 523,000-square-foot Barclays Financial Center at 111 Brickell Ave. - $249 per square foot.

Seller MDM Development of Miami will keep the attached JW Marriott hotel. Vallehermoso took an option to buy the building in 1999.

COPYRIGHT 2002 Americas Publishing Group
COPYRIGHT 2003 Gale Group
 

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