The Real Deal Miami

New York firm gets $19M for Miramar building leased to DeVry University

Gramercy Property Trust sold the building for $194 per square foot, and the buyers got a $21M loan from City National Bank
February 17, 2019 04:00PM

2300 Southwest 145 Avenue in Miramar

New York-based Gramercy Property Trust got $19 million for selling a building in Miramar leased by DeVry University.

The new owners are Miami Beach-based Miramar 2300 Investors LLC, David J. Berger and Steven R. Becker.

They got a $21 million mortgage loan from City National Bank in connection with their acquisition.

An affiliate of Gramercy Property Trust, RT Miramar I LLC, sold the 97,690-square-foot building for $194 per square foot.

DeVry has been the sole tenant of the building at 2300 Southwest 145 Avenue in Miramar since it was built on an 18.3-acre site in 2002.

The building previously had been sold in 2009 for $17 million. [South Florida Business Journal]Mike Seemuth