Whole Foods building in North Miami sold for nearly $20M

A brand new building in North Miami that houses Whole Foods Market has been sold for $19.8 million, the South Florida Business Journal reported.

A buyer known as Happiness Inc. acquired the 36,000-square-foot building at 12150 Biscayne Boulevard from Biscayne Partners. The seller, led by Aria Mehrabi, paid off a $13 million mortgage from U.S. Bank.

The supermarket chain is the sole tenant in the building, which completed construction in May. CBRE Group Senior Vice President Dennis Carson and senior associate Todd Weintraub represented the seller in the deal.

Earlier this month, Ocean Bank has made a nearly $45 million loan for a Whole Foods planned for the Met3 tower in downtown Miami, as previously reported. [South Florida Business Journal] – Mark Maurer

via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/jfmavCnMwMM/