MIAMI—Miami International Centre, a 20.89-acre former yacht manufacturing facility and existing 90-slip marina with access to the Miami River in Miami, has traded hands. The sale price: $35.5 million.
HFF marketed the asset on behalf of the seller, Alecta Real Estate Investment. Interterra Investments Group purchased the asset.
Miami International Centre is poised to be home to a world-class mixed-use development featuring retail, hotel, residential, office and/or marina uses. At almost 21 acres, it is the largest land parcel located immediately east of the Miami International Airport and is directly across from the Miami Intermodal Center, Florida's most significant rail transportation hub.
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