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.
Recent Posts
Boston Children’s Hospital inks deal to open West Palm Beach clinic
California philanthropists pick up Hillsboro Beach mansion for $37M
Weed scheme allegedly paid for $3M in South Florida real estate
Local elections: City land deals, development rules on the ballot in Broward County
Bomar’s proposed Fort Lauderdale megamansion hits market for $100M
Charles Cohen scores $385M for delayed West Palm office project, as South Florida construction loans flow
Luxury hotel group Raffles to brand Mast Capital, BH’s Coconut Grove condo
Developer proposes mixed-use project on one of Jupiter’s last undeveloped waterfront sites
Real Estate Q&A: Can Leased Solar Panels Derail a Home Sale?
AI Can Speed Up Work But Still Needs Your Review
