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Avison Young Sells Flex Office Out Of Special Servicing

A flex office project in Miami Gardens has found new owners outside of a special servicer.

Boca Raton-based Concorde Palmetto Center LLC purchased Park Centre, a 131,500 SF flex campus at 900-1000 Park Centre Blvd, for $12.6M. The seller was a special servicer.

Avison Young's John Crotty and Michael Fay brokered the sale. Park Centre lured investor interest given its position along Palmetto Expressway, from which more than 220,000 vehicles pass it a day, the brokerage said.