The Real Deal Miami

Whole Foods building in Miami sold for nearly $20M

Biscayne Partners pays off $13M mortgage from U.S. Bank as a result of sale

July 19, 2013 04:00PM

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Whole Foods and CBRE’s Dennis Carson

A brand new building in North Miami that houses Whole Foods Market has been sold for $19.8 million, the South Florida Business Journal reported.

A buyer known as Happiness Inc. acquired the 36,000-square-foot building at 12150 Biscayne Boulevard from Biscayne Partners. The seller, led by Aria Mehrabi, paid off a $13 million mortgage from U.S. Bank.

The supermarket chain is the sole tenant in the building, which completed construction in May. CBRE Group Senior Vice President Dennis Carson and senior associate Todd Weintraub represented the seller in the deal.

Earlier this month, Ocean Bank has made a nearly $45 million loan for a Whole Foods planned for the Met3 tower in downtown Miami, as previously reported. [South Florida Business Journal]Mark Maurer

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