The Real Deal Miami

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

January 14, 2013 04:30PM

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