Moishe Mana has acquired the Museum Tower office building in Downtown Miami from Bridge Investment Group for $73.75 million. The 243,825-square-foot 28-story building is located at 150 W. Flager Street and was completed in 1983, currently boasting a 92% occupancy rate with tenants including Bank of America and law firms Stearns Weaver Miller Weissler Alhadeff & Sitterson and Luks Santaniello Petrillo Cohen & Peterfriend. Starwood Mortgage Capital provided an acquisition loan for the transaction, with Mika Mattingly and Cecilia Estevez of Colliers representing the buyer while Christian Lee and Sean Kelly of CBRE represented the seller who purchased it for $64 million in 2019.
This latest addition to Mana’s portfolio brings his total ownership to more than 70 buildings spanning 1.5 million square feet along Flagler Street; this includes not only Museum Tower but also its adjacent building as well as 13-story Nikola Tesla Innovation Hub currently under construction nearby..
