MIAMI-London Square, a retail shopping center and office building located at the intersection of SW 137th Avenue and SW 120th Street, has sold for $95.25 million. The property was acquired by institutional investment advisor, Rreef on behalf of an unnamed European client for $318.42 per square foot.

CB Richard Ellis' National Retail Investment Group Florida team exclusively represented the seller, an affiliate of Boca Raton, FL-based Woolbright Development. The purchaser's advisor, Rreef, is the real estate investment management business of Deutsche Bank's Asset Management division.

Casey Rosen, a senior vice president at CBRE, tells GlobeSt.com he expects more of this type of foreign investment into Miami retail and office buildings in 2011. Miami, he says, is, in fact, a market of interest for many investors.