Hibbs' company, A.A. Holdings LLC, paid $4.35 million or $98.67 per sf for a 35-year-old, 45,000-sf, 98%-occupied office building at 225 NE 34th St in Miami's Biscayne Corridor.

The seller was Charles Leoni, as trustee of the Charles Leoni Inter Divos trust agreement.

Miami-Dade County School Board is the largest tenant in the building developed by Leoni in 1967. The Florida Department of Children and Families also has offices in the building.

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