DORAL, FLA. — New Boston Fund Inc. has sold One Park Square, a 281,786-square-foot, Class A office building in Doral, a city 15 miles northwest of Miami. The South Florida Business Journal reports Gateway Renellie, an affiliate of Boston-based TA Realty, purchased the asset from New Boston Fund for $96.1 million. Christian Lee, José Lobón and Andrew Chilgren of CBRE brokered the sale. Tere Blanca, Danet Linares and Andres del Corral of Blanca Commercial Real Estate handled the leasing assignment for One Park Square, which Stiles Corp. manages. Constructed in 2010, the 11-story building features 49,942 square feet of ground floor retail space, 24-hour security, onsite management, a fitness center, conference facility and an integrated, structured parking garage. One Park Square also offers 360-degree views of the Miami skyline and is located adjacent to CityPlace at Doral, a 300,000-square-foot mixed-use development. One Park Square was more than 90 percent leased at the time of sale to tenants including Amadeus North America. The travel tech company signed a 115,000-square-foot lease at the property in August.
The 281,786-square-foot One Park Square in Doral, Fla., features 360-degree views of the Miami skyline and is located adjacent to CityPlace at Doral, a mixed-use development.
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