search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealHarry Macklowe faces major losses on Miami, Midtown projectsHarry Macklowe faces major losses on Miami, Midtown projects
South Florida

Doral office sold after mortgage discount

One Park Square

Sign Up for the undefined Newsletter

The Massachusetts-based New Boston Fund has purchased the One Park
Square office tower in Doral after lender Regions Bank agreed to a
discounted payoff on a $54 million mortgage. The price was not disclosed
by New Boston, which purchased the property from an affiliate of Shoma
Development. The property, which is 281,623 square feet, is the only part
of Park Square completed by Shoma, and is 11 percent leased. The
11-story building is close to the Palmetto Expressway and Miami
International Airport. [SFBJ]

Tags
New Boston FundOne Park Square