MIAMI—Sawgrass Pointe I, a 230,668-square-foot, six-story class A office building, has traded hands. The sale price: $51.1 million.
New York-based True North acquired the office asset. Built in 2002, Sawgrass Pointe I features an above-market parking ratio of 5 per 1,000 square feet, water views and recent common area upgrades.
CBRE's Capital Markets team of vice chairman Christian Lee and senior vice president José Antonio Lobón represented the seller. The team also included vice president Amy Julian, senior vice president Chris Gallagher and financial analyst Tyler Ploshnick.
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