CABOT INVESTMENT PROPERTIES sells MIAMI OFFICE COMPLEX

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MIAMI— Bala-Cynwyd, Pa.-based Keystone Property Group and Coral Gables, Fla.-based Colliers Abood Wood Fay have acquired Dadeland Towers North, a 244,176-square-foot, three-building suburban campus-style office complex in Miami, from Boston-based Cabot Investment Properties, for $41 million. The complex is situated on 4.6 acres, west of Highway 1, and includes a 150,497-square foot, 8-story building; a 80,983-square foot, 7-story building; and a 12,696-square-foot, two-story building. Major tenants include Burger King; Independent Purchasing Corp.; City College; and Quintairos, McCumber, Prieto & Wood law firm. Christian Lee, Charles Foschini and Christopher Apone of CB Richard Ellis’ Miami-Downtown office represented the seller. The buyers were represented in-house.

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