Old Spanish Village sells for $30.5M

The site of the former Old Spanish Village has been sold for $30.55
million, according to Holliday Fenoglio Fowler, which had been
marketing the site on behalf of seller FirstBank Puerto Rico. The buyer
was Agave Holdings, a privately-owned firm. The price for the 5.8-acre
mixed-use development was a 49 percent discount from its $60.1 million
mortgage. Bilzin Sumberg represented FirstBank, while fellow law firm
Holland & Knight represented the seller. [SFBJ]

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