The Real Deal Miami

New York investor acquires nine Miami properties

Atlas Capital Group pays $13.6M for portfolio

January 28, 2014 09:45AM

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1900 Biscayne Boulevard

1900 Biscayne Boulevard

A New York investor has acquired nine properties north of downtown Miami for $13.6 million, The Real Deal has learned.

Biscayne 1900 Owner, a company managed by Atlas Capital Group, picked up the portfolio on Jan. 20, according to Miami-Dade County records. The county recorded the transaction last Thursday. The seller is a nonprofit called the Grace Contrino Abrams Peace Education Foundation.

City National Bank of Florida gave Biscayne 1900 a $7.6 million loan for the purchase.

The portfolio acquired by the Atlas company includes a 10,600-square-foot office building at 1900 Biscayne Boulevard. Small office buildings and vacant parcels comprise the rest of the site.

Founded in 2006, Atlas Capital is a private real estate investment, management and development firm. — Eric Kalis

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