New York firm closes 2nd sale of a Miramar office building this year, collects $45M

Gramercy Property Trust sold a Royal Caribbean Cruises operations center after divesting a DeVry University facility

May.May 12, 2019 04:00 PM

14700 Caribbean Way in Miramar (Credit: Google | South Florida Business Journal)

New York-based Gramercy Property Trust sold its second office building in Miramar this year for $45 million.

An affiliate of Gramercy, RT Miramar II LLC, sold the 134,786-square-foot office building for about $334 per square foot.

The property, an operations center for Royal Caribbean Cruises, last sold in 2009 for $26 million, or about $193 per square foot.

The new owner of the office building at 14700 Caribbean Way is 14700 Caribbean Way LLC, led by manager John Laoui in Hallandale Beach.

The new owner got a $29.25 million mortgage loan from UBS AG in connection with the property purchase.

The office building was constructed in 2001 on a 10.4-acre site near the Miramar Parkway exit off Interstate 75.

Three months ago, Gramercy Property Trust got $19 million for selling a 97,690-square-foot office building in Miramar leased by DeVry University. DeVry has been the sole tenant of the building at 2300 Southwest 145 Avenue in Miramar since it was built in 2002. [South Florida Business Journal]Mike Seemuth

Related Articles

 Eric Castro, Bankers Healthcare Group, and 3700 Lakeside Drive (Credit: Bankers Healthcare Group)

Bankers Healthcare buys Miramar office building for new HQ

Jim Carr and Bruce Park (Credit: Google Maps)

Univision sells Miramar site to BBX and CC Homes

Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Rendering of the Miramar project, Tom Godart

Altman closes on development site of mixed-use Miramar project for $35M

A rendering of the planned headquarters

Spirit Airlines plans to build $250M HQ campus in Dania Beach

IDI Logistics CEO Mark Saturno and 11600 Miramar Parkway (Credit: iStock)

IDI Logistics sells massive warehouse portfolio in Miramar for $117M

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center