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Blanca Commercial Real Estate Sells Land to Related Group

MIAMI-Tere Blanca tells GlobeSt.com's Jennifer LeClaire she expects additional parcels to be acquired by well-capitalized developers.

By Jennifer LeClaire | Updated on February 23, 2012

MIAMI—Developers are actively planning their next commercial real estate projects in Miami—and that’s leading to land sales. The most recent parcel of developable land to trade hands is a 33-acre tract in West Miami-Dade County.   Related Development purchased the parcel from Fontainebleau Lakes for $20.5 million. The property is located at the junction of Northwest 97th Avenue and the Dolphin Expressway, or the 836, at the entrance to the City of Doral. The site is located near Florida International University and Carlos Albizu University, as well as multiple shopping centers, such as Miami International Mall and Dolphin Mall.

Tere Blanca, president and CEO of Blanca Commercial Real Estate represented seller in the transaction. Blanca associate Andres del Corral assisted.

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