San Francisco-based Deutsche Asset & Wealth Management purchased the 23-story Las Olas City Centre yesterday for $220 million. The sale was funded by $100 million debt with Wells Fargo Bank. Seller entity traces to JPMorgan Chase Bank.
This office tower of nearly 726,000 square feet was constructed in 2003 on 2.5 acres. It is located near the northeast corner of 3rd Avenue and Las Olas Boulevard in Miami, and is LEED Certified Gold.
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