"The acquisition of Museum Tower brings Bridge Office to the heart of Miami's new emerging center for arts, culture and technology, with premier access to mass transit, retail, and restaurants. With a Transit Score of 100 and a Walk Score of 96, the location of Museum Tower alone provides office workers with unparalleled amenities from morning until night," says Kelly Kuykendall, director of asset management for Bridge Investment Group.

More than $3 million of capital has been invested in the building since 2016, including upgrades to HVAC and security systems, an overhauled fire alarm system, roof upgrades, a state-of-the-art fitness center complete with towel service and a full elevator modernization currently underway.

Nearby, a $27-million makeover of the Historic Flagler Street streetscape is underway. The project is bringing an influx of new development to the area, along with an improved pedestrian experience that incorporates a cobblestone street design, high-end street lighting, new bike racks, enhanced crosswalks and wider, curbless sidewalks for café seating shaded by a canopy of trees and awnings, according to Bridge Investment.

In addition to Museum Tower, Bridge also owns Sawgrass Technology Park in Sunrise; BayView Corporate Tower in Fort Lauderdale; Fountain Square in Boca Raton and 5601 Hiatus Road in Tamarac.

Bridge Commercial Real Estate LLC, the operating company for Bridge Office, will oversee all property management and redevelopment work at Museum Tower. Renovations will begin immediately, with completion scheduled for 2020.