Douglas Entrance Exchanges Hands

The closing sale of the Douglas Entrance Blgd., a 461,537-square-foot Class A office development in Coral Gables, Florida has taken place.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070327006270&newsLang=en

Seller: Colonnade Properties LLC

Buyer: Transwestern Investment Company, L.L.C. purchased the property on behalf of its discretionary equity fund, ASLAN REALTY PARTNERS III, L.L.C.

The park-style development includes four properties: North Tower/Executive Tower, South Tower, La Puerta Del Sol and the 3770 Building, which combined are 92% occupied by tenants including Phelps Dodge, Univision, EMC and Leo Burnett. Community amenities include a restaurant, conference center, ballroom and numerous open walkways and sitting areas.

http://blogntheblock.blogspot.com/2007/02/800-douglas-rd.html


For professional advise on all aspects of buying or selling real estate, please contact me at-786-287-9272 -email:Richard@RichardRecuset.com

Richard Recuset-Multi-Million Dollar Producer-The Recuset Group