Infinity now controls all of the commercial units along Biscayne Blvd at Paramount Bay
Miami, FL – May 2, 2018 – EINPresswire.com – Infinity Real Estate LLC announced today its purchase of two commercial condominium units at 2063 Biscayne Boulevard in Miami’s Edgewater neighborhood. Infinity acquired approximately 7,000 square feet at the property for $2.3 million. Mercantil Bank provided financing for the deal with a $1.5 million mortgage.
With the acquisition of units C301 and C501, Infinity now controls all of the commercial units along Biscayne Blvd at the Paramount Bay. In 2016, Infinity had purchased for $4.85 million the 6,800 sf ground floor retail condo unit C101, which is leased by Visionnaire, a home furnishings store. Barre Code, a fitness tenant, and Florida Community Health Network Corp are also tenants at the building. 1,200 square feet is available to lease and is being marketed by Comras Company.
David Berg, Partner at Infinity, noted “Our purchase here reflects our continued commitment to the property and the Edgewater community, as well as our optimistic outlook for the neighborhood and greater Miami, generally.”
With this acquisition, Infinity has now deployed more than $165 million into high-visibility real estate in Miami since 2013.