Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Lennar Corporate Center, a four-building office complex totaling 289,986 square feet in Miami, Florida.
The HFF team represented the seller and procured the buyer, NayaUmi LLC, managed by Yoav Merary and Guy Sharon. NayaUmi LLC is a partnership between Naya USA LLC and Coast Capital Partners LLC. The property was sold free and clear of debt.
Lennar Corporate Center was developed by Lennar Corporation between 1982 and 1993 and has served as its headquarters since that time. It comprises four, four-story buildings at 700, 730, 760 and 790 NW 107th Avenue in Miami’s Airport submarket. The property has easy access to all of suburban Miami-Dade and Broward counties given its location on 16.4 acres adjacent to the on and off ramps of the Dolphin Expressway, the main east-west thoroughfare in Miami that also connects to Florida’s Turnpike and Palmetto Expressway.
The HFF investment sales team representing the seller included senior managing director Hermen Rodriguez, senior director Ike Ojala and director Tracey Goo.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.