The Real Deal Miami

Related sells 16.2-acre site for $19.8M

Developer paid just $20.5M for a 33.75-acre site that includes the property in 2012

October 08, 2014 01:30PM

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Related head Jorge Perez

Related CEO Jorge Perez

The Related Group sold a 16.2-acre site in Miami-Dade to a Texas developer for $19.8 million.

A Related affiliate sold the property located west of Northwest 97th Avenue on the south side of State Road 836 to DD Doral View 2, according to the South Florid Business Journal. The buyer is affiliated with Rockpoint Group, a Dallas-based real estate private equity firm.

In 2012, Related Group paid $20.5 million for 33.75 acres that includes the recently sold property. It developed 96 apartments on the site and the property it sold has a similar zoning designation. [South Florida Business Journal] – Christopher Cameron

  • Nelson P.

    Hi Jorge. My brother Lionel Perez is a realtor/broker. Can you help him make some deals and get him back up on his feet. At the moment he is down on his luck. He has worked a bit in the brickell area and is now planning to move back. His business name is 305 Miami Realty. I hope you find this message as I cannot find a way to contact you directly. Thank You in advance.

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