JPMorgan acquires Miami Beach branch building on Alton Road for $24M
JPMorgan added another South Florida commercial property to its real estate portfolio, spending a combined $77 million this month after acquiring a Miami Beach bank building and a Coral Springs shopping center. In the most recent deal, the New York-based bank, led by CEO Jamie Dimon, paid $23.5 million for the 25,030-square-foot building housing JPMorgan’s Chase Miami Beach branch and offices at 1801 Alton Road, records and real estate database Vizzda show. The U.S. Social Security Administration is also a tenant. The buyer paid roughly $939 a square foot for the building, and $15.5 million above the previous sale price […]This article originally appeared on The Real Deal. Click here to read the full story.
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