The Bal Harbour Shops could soon be expanding, thanks to the $13.5 million purchase of the SunTrust Bank building by the shops’ owner, the South Florida Business Journal, reported.
The seller, a subsidiary of Island American Real Estate Trust, of the 4,987-square-foot building at 9600 Collins Avenue — directly across from the shopping mall — was represented by CBRE senior vice president Casey Rosen, along with colleagues Mark Drazek and Paco Diaz.
“This was a strategic acquisition for the buyer and will likely be a component of plans for the expansion of Bal Harbour Shops,” Rosen said in a statement. [SFBJ] —Christopher Cameron