PROFILE

  • 24-story tower built in 2001 and located on Midtown’s prestigious 14th Street
  • Direct visibility and immediate access to I-75/85
  • Qualified for the City’s Opportunity Zone jobs creation tax credit for tenants, which provided significant advantage over its direct competitors

Ownership Period:

2013 - 2017

Realized IRR:

32.6%

Realized EM:

2.6x

Purchased

$88.26MM

Price

36%

Occupancy

Sold

$176MM

Price

91%

Occupancy

Execution

  • Capitalized on significant upside potential by reacquiring the property at a time when the largest tenant was relocating
  • Rebranded the building as Regions Plaza and repositioned the asset to true Class A status by investing over $25 million to build out new amenities
  • These new amenities include: conference facility, fitness center, staffed concierge, renovated common areas and café, new FlyWheel Studio and valet parking

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Brickell Bayview

Miami,Florida
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