The Real Deal Miami

SunTrust Bank building sale to make way for expansion of Bal Harbour Shops

9600 Collins Avenue

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