Banesco USA pays $12M for new HQ in Doral

Bank relocates from Coral Gables with 60K sf complex; plans renovation

Miami /
Dec.December 04, 2020 07:01 PM
Mario Oliva of Banesco USA & 3155 Northwest 77th Avenue, Doral (Banesco, Google Maps)

Mario Oliva of Banesco USA & 3155 Northwest 77th Avenue, Doral (Banesco, Google Maps)

 

Banesco USA is moving headquarters but the bank isn’t going very far.

The company, which has been based in Coral Gables, paid $11.95 million for a new HQ in Doral.

Banesco USA purchased the 59,140-square-foot building at 3155 Northwest 77th Avenue from Windhaven Insurance Company, according to records.

Newmark represented Banesco in the deal.

Mario Oliva, president and CEO of Banesco USA said in a release that the community bank “is experiencing continued growth,” and added the purchase reaffirmed its “commitment to South Florida.”

Banesco plans to renovate the three-story Doral building. The building includes a cafeteria and collaborative spaces and conference rooms throughout.

Banesco USA was founded in 2006 and has branches in Coral Gables, Doral, Hialeah, Aventura and Brickell. This year, it has financed deals with Arkadia Property Group and Baywood Hotels.





    Related Articles

    arrow_forward_ios
    Nuveen Real Estate's Mike Sales with the Waterford Business District
    Lease roundup: Nuveen, Allianz ink 6 new tenants at Waterford Biz District
    Lease roundup: Nuveen, Allianz ink 6 new tenants at Waterford Biz District
    Bridge Industrial CEO Steve Poulos and Bridge’s Kevin Carroll of Southeast Region of Bridge Industrial with a rendering of the the Bridge Point Doral industrial campus (Bridge)
    Bridge’s big bet in Doral: Industrial developer plans 2.6M sf spec project
    Bridge’s big bet in Doral: Industrial developer plans 2.6M sf spec project
    Lithia CEO Brian DeBoer with the Largo Honda at 554 Northeast First Avenue in Florida City and the Esserman dealership at 10455 Northwest 12th Street in Doral (Southern Oregon University, Google Maps, Largo Honda)
    Off the lot: Miami-Dade auto dealership properties trade for $96M
    Off the lot: Miami-Dade auto dealership properties trade for $96M
    A rendering of One Flagler in downtown West Palm Beach and River Landing Shops & Residences in Miami with Related Companies Stephen Ross and Andy Hellinger and Coralee Penabad of Urban-X Group, developer of River Landing. (Related Companies, RL Miami)
    Lease roundup: Stephen Ross’ downtown West Palm project scores financial firm tenants
    Lease roundup: Stephen Ross’ downtown West Palm project scores financial firm tenants
    RFR's Aby Rosen with 100 Biscayne, RFR, Lease Roundup
    Lease roundup: Fintech firm moves HQ to Aby Rosen’s 100 Biscayne in Miami
    Lease roundup: Fintech firm moves HQ to Aby Rosen’s 100 Biscayne in Miami
    Cabot Properties' Franz Colloredo-Mansfeld with Miramar Centre Business Park (Cabot, iStock) Lease, Logistics
    Lease roundup: Ryder Logistics leases 150K sf at Miramar Centre Business Park
    Lease roundup: Ryder Logistics leases 150K sf at Miramar Centre Business Park
    Midtown Doral scores $67M construction loan for apartment development
    Midtown Doral scores $67M construction loan for apartment development
    Midtown Doral scores $67M construction loan for apartment development
    Céntrico by Windsor at 8425 Northwest 41st Street in Doral with GID President and CEO Gregory Bates and Chairman W. Gardner Wallace (Google Maps, GID)
    GID buys Downtown Doral apartment building for $150M
    GID buys Downtown Doral apartment building for $150M
    arrow_forward_ios

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

    Loading...