Miami: The Security Building

 

Address : 117 Northeast 1st Avenue, Miami, FL
Submarket : Downtown Miami
Size : 96,575 square feet
Type : Office
Date Acquired : June 2015
Date Sold : Currently owned by Turnbridge

The Security Building was acquired in June 2015. Prior to Turnbridge's acquisition, the property was comprised of 60 separate condominium units, the majority of which were residential. Turnbridge acquired 55 of the 60 condominium units, which allowed for the condominium regime to be dissolved. Post-acquisition, Turnbridge acquired the remaining five condominium units and subsequently secured a 15-year full-property lease with the industry's premier shared workspace provider, WeWork.

 

 

 

New York | Los Angeles | DC | Miami | Austin