Miami, Fla., January 7, 2021 – Greenspoon Marder represented TSG Group in the $53 million resale of a 44,575-square foot development site located at 1399 Southwest First Avenue in Miami.
TSG first acquired the property from Chestnut Capital LLC in 2017 for $31.75 million. Located in the heart of Miami’s Financial District, the property is located directly adjacent to the Infinite Brickell condo tower. A three-story, 34,935 square-foot-office space currently occupies the site and is home to organizations such as the Consulate General of Mexico.
The Greenspoon Marder team representing TSG Group was led by partner
Manuel L. Crespo and associate Frank Whitaker of the firm’s Miami office.
“I am extremely grateful to have the opportunity to spearhead this substantial property resale on behalf of TSG, and to play an instrumental role in their long-term business strategy to maintain their prominence in Miami’s real estate sector,” comments Mr. Crespo. “I admire managing partners Camilo Lopez and Jorge Escobar’s vision and determination, which has rightfully earned them a spot among South Florida’s most influential real estate and development companies.”
The Greenspoon Marder Real Estate team is well-positioned to assist our clients in the acquisition, development, and resale of all asset classes of real estate property. With deep roots and connections to government agencies and officials throughout Miami, our skilled attorneys are able to strategically navigate our clients through the local business landscape and advise on a wide range of real estate matters. From straightforward residential transactions to some of the largest, most complex commercial real estate developments in the area, we are in involved in some of the largest real estate transactions in South Florida. Our mission is to identify, analyze, and develop opportunities for our clients and advise them through the full real estate cycle in order to provide a seamless experience that achieves their business objectives.
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