Cousins Properties sells interest in Courvoisier Centre in Miami’s Brickell Key

Parkway Properties bought office complex in 2014 for $146M

Miami /
Dec.December 22, 2017 12:30 PM

Courvoisier Centre in Brickell Key (Credit: Courvoisier Centre website)

Cousins Properties, an Atlanta-based real estate investment trust, just sold its 20 percent interest in the Courvoisier Centre office complex in Miami’s Brickell Key for $33.9 million.

The Courvoisier Centre, a 343,000-square-foot office complex at 501 and 601 Brickell Key Drive, was purchased in 2014 by Orlando-based investor Parkway Properties for $146 million, records show. A spokesperson for Cousins declined to comment further on the trade.

Cousins’ most recent trade included its share of joint venture debt. Last year, an affiliate of Parkway scored a $106.5 million loan for the Courvoisier Centre, which includes two office buildings and a parking garage. Keybank National Association was the lender.

The office buildings feature water views, corner offices, balconies, banking facilities, a gourmet grocery store, an on-site dry cleaner and retail stores.

Last year, Cousins sold Miami Beach’s Lincoln Place office building for $80 million.


Related Articles

arrow_forward_ios
Black Lion CEO Robert Rivani with SLS Lux Brickell (LinkedIn via Rivani, Facebook via SLS Lux Brickell)
Black Lion buys SLS Lux Brickell retail condo for $14M
Black Lion buys SLS Lux Brickell retail condo for $14M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Nadim Ashi of Fort Partners with the hotel (Four Seasons, Fort)
Fort Partners buys Four Seasons Brickell hotel for $130M
Fort Partners buys Four Seasons Brickell hotel for $130M
Guillermo Lasso and the Asia Brickell Key condo in Miami
Ecuadorian president’s alleged Florida real estate ties raise questions
Ecuadorian president’s alleged Florida real estate ties raise questions
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
Zom Living CEO Greg West with the properties
ZOM wants to sell two South Florida apartment buildings for nearly $500M
ZOM wants to sell two South Florida apartment buildings for nearly $500M
Ugo Colombo with renderings of the project. (Getty)
Ugo Colombo’s CMC Group sells Brickell Flatiron sales center to Argentine investors
Ugo Colombo’s CMC Group sells Brickell Flatiron sales center to Argentine investors
Six people who were previously employed by Four Seasons Miami are going after the hotel in a class action labor suit. (Getty, District Court of Southern Florida, WikiMedia / Averette)
Four Seasons in Miami leaves staff on “perpetual furlough” to avoid severance pay: lawsuit
Four Seasons in Miami leaves staff on “perpetual furlough” to avoid severance pay: lawsuit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...