The Real Deal Miami

Venezuelan bank subsidiary sells Doral office

The seller arranged the buyer's mortgage on the building

Mercantil Commercebank sold the office building that houses its Doral branch for $7.3 million, the South Florida Business Journal reported.

The buyer was The 107 Growth with the help of a $5.84 million mortgage from the bank, the Journal said.

Mercantil Commercebank is a subsidiary of Venezuela’s Mercantil Servicios Financieros, and built the 81,893-square-foot office building at 3105 N.W. 107th Ave. in 1999. [South Florida Business Journal]Emily Schmall