The asset's marketing agent, Sonnenblick-Goldman, expects to get $39 million or $136.36 psf that LNR bought 2½ years ago from Japan Development Corp. for $23.9 million or $83.57 psf.

The building's location at 80 SW Eighth St. is a hot tenant demand area and across the street from a retail/entertainment center planned by a joint venture of New York City-based Millennium Partners and local developer Terremark Worldwide.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.