{"id":1004113519,"date":"2015-02-16T15:19:56","date_gmt":"2015-02-16T23:19:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=325731"},"modified":"2022-12-07T22:00:18","modified_gmt":"2022-12-08T06:00:18","slug":"suntrust-bank-tower-sold-to-south-american-group-for-140m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suntrust-bank-tower-sold-to-south-american-group-for-140m\/","title":{"rendered":"SunTrust Bank Tower Sold to South American Group for $140M"},"content":{"rendered":"<p><em>By Balazs Szekely, Associate Editor<\/em><\/p>\n<div id=\"attachment_325732\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/2015-02-13-Office-Tower-at-777-Brickell-Ave-Sold-for-140M.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-325732\" title=\"2015 02 13 Office Tower at 777 Brickell Ave Sold for 140M\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/2015-02-13-Office-Tower-at-777-Brickell-Ave-Sold-for-140M.jpg\" alt=\"777 Brickell Ave\/Amy Julian\" width=\"300\" height=\"198\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">777 Brickell Ave\/Amy Julian<\/p>\n<\/div>\n<p>The 13-story SunTrust Bank tower in Brickell changed hands recently.<\/p>\n<p>An undisclosed South American investment group purchased the property at 777 Brickell Avenue. CBRE Capital Markets closed the $140 million sale, marketing the office tower and an adjacent five-story parking on behalf of an institutional investor advised by CBRE Global Investors. Based on a Property Shark report, Brickell Office Plaza Inc. was the last owner. It acquired the asset in late September 2002 for $44.5 million.<\/p>\n<p>Located at the intersection of Brickell Avenue and Southeast 8th Street, the 341,490 square-foot property was built in 1980. It is one of only four Brickell Avenue office buildings with a waterfront location with views of Biscayne Bay, Brickell Key and Key Biscayne. The property is currently 93 percent leased to 29 tenants according to an announcement recently released by CBRE.<\/p>\n<p>Vice President Amy Julian, First Vice President Christopher Apone, Senior Associate Jos\u00e9 Lob\u00f3n and Vice Chairmen Christian Lee and Charles Foschini of CBRE Capital Markets\u2019 Institutional Properties team marketed the property and negotiated the transaction for Brickell Office Plaza. Taylor &amp; Mathis\u2019s team of leasing brokers Brian Gale and Andrew Trench also assisted in the marketing of the deal.<\/p>\n<p>\u201cThe unprecedented growth and transformation of the CBD along with the world-class location of the property provide a tremendous upside opportunity for new ownership through the operation of the institutional-quality office building as well as potential future redevelopment,\u201d said Amy Julian in CBRE\u2019s press release.<\/p>\n<p><em>Photo credits: Google Maps; CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Also known as the SunTrust Bank building in Brickell, the 13-story waterfront tower at 777 Brickell Avenue changed hands recently. An undisclosed South American investment group purchased the property and CBRE Capital Markets closed the $140 million sale, marketing the office tower and an adjacent 5-story parking on behalf of an institutional investor advised by CBRE Global Investors. Based on a Property Shark report, Brickell Office Plaza Inc. was the last owner, who acquired the asset in late September 2002 for $44.5 million.<\/p>\n","protected":false},"author":755,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[1815],"class_list":["post-1004113519","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SunTrust Bank Tower Sold to South American Group for $140M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/suntrust-bank-tower-sold-to-south-american-group-for-140m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SunTrust Bank Tower Sold to South American Group for $140M\" \/>\n<meta property=\"og:description\" content=\"Also known as the SunTrust Bank building in Brickell, the 13-story waterfront tower at 777 Brickell Avenue changed hands recently. An undisclosed South American investment group purchased the property and CBRE Capital Markets closed the $140 million sale, marketing the office tower and an adjacent 5-story parking on behalf of an institutional investor advised by CBRE Global Investors. Based on a Property Shark report, Brickell Office Plaza Inc. was the last owner, who acquired the asset in late September 2002 for $44.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/suntrust-bank-tower-sold-to-south-american-group-for-140m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-16T23:19:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/2015-02-13-Office-Tower-at-777-Brickell-Ave-Sold-for-140M.jpg\" \/>\n<meta name=\"author\" content=\"Suzann D. 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