Lakes Plaza, a two-story, 45,000-sf office building, is the two companies' second joint-venture acquisition in Miami Lakes in the last 10 months. The 15-year-old, 55%-occupied Lakes plaza is located at 8181 Miami Lakes Drive in Miami Lakes.
Tenants include World Savings Bank and Nenezian & Associates. Aquila Property Co. will manage the property, and Abood Wood Fay will lease it. Donna Abood of Abood Wood Fay Real Estate Group was the only broker involved in the most recent deal. The buyers received a first mortgage from Mellon United Bank.
"We plan to continue to acquire properties with value-added potential throughout the Southeast," Aquila president Jordan Paul, tells GlobeSt.com. "We'll look at any income-producing properties."
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