The Real Deal Miami

Venezuelan bank subsidiary sells Doral office

The seller arranged the buyer's mortgage on the building

July 30, 2013 10:00AM

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Mercantil Commercebank sold the office building that houses its Doral branch for $7.3 million, the South Florida Business Journal reported.

The buyer was The 107 Growth with the help of a $5.84 million mortgage from the bank, the Journal said.

Mercantil Commercebank is a subsidiary of Venezuela’s Mercantil Servicios Financieros, and built the 81,893-square-foot office building at 3105 N.W. 107th Ave. in 1999. [South Florida Business Journal]Emily Schmall

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