The Real Deal Miami

Medical offices get condo sale boost

January 16, 2009 09:45AM

Ten units have sold in a pair of medical office condo buildings located
in the Palms at Town & Country retail center in Kendall. The deals
are valued at $10.5 million, according to Miami-based Kenneth Weston
& Associates. About 81,000 of the 133,000 square feet of space
remains unsold, but the eastern building is now 75 percent sold.
The pension investment firm TIAA-CREF worked with Flagler Development
Group to build One Seventeen Professional Arts Center, located at SW
117th Avenue and SW 82nd Street.