Image source: South Florida Business Journal
Courthouse Tower, at 44 West Flagler Street in downtown Miami, sold to Brickman.
The 23-story Courthouse Tower in downtown Miami traded for $27.5 million.
Courthouse Tower LLC, managed by Richard Donovan in Coral Gables and Christopher W. Bramley in Garner, Massachusetts, sold the 162,510-square-foot mixed-use building at 44 West Flagler Street to New York-based Brickman. RKF Senior Directors Benjamin Mandell and John Ellis and Executive VP Drew Schaul represented the buyer. The seller was represented by Mika Mattingly.
Santander Bank provided a $20.6 million loan to the buyer.
The price equates to $169 per square foot. The building has 7,137 square feet of retail space and 155,373 square feet of office space, with tenants such as Sabadell United Bank and GEICO Insurance. It’s near the county courthouse and county government center.
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