A 28-story office tower in Hallandale Beach traded for $52.2 million, and the buyer landed a $77.2 million loan.
Aventura-based Inmobiliaria Brom, through its affiliate Optima International North, sold the 285,400-square-foot Onyx Tower at 1010 South Federal Highway to an entity that also ties to Inmobiliaria Brom, according to records.
The buyer scored the financing from Barings, an administrative agent for a group of lenders. The financing has a three-year term, with two two-year extension options, records show.
Jordan Roeschlaub and Jonathan Firestone were part of the Newmark team that represented Inmobiliaria Brom in the financing.
Inmobiliaria Brom completed Onyx Tower in 2023, as part of the firm’s three-building office complex, according to a Newmark news release.
The other two towers are immediately to the south in Miami-Dade County’s city of Aventura. They are the nine-story, 84,400-square-foot White Tower at 21500 Biscayne Boulevard, and the four-story, 29,600-square-foot Red Tower at 21550 Biscayne Boulevard. Both were completed in 2013, records show.
Inmobiliaria Brom, founded in 1972, has primarily developed residential and office projects in Mexico City, where it was founded, according to its website. The firm’s first U.S. project was the 14-story Forum Aventura office condo building at 19790 West Dixie Highway, completed in 2019 in Aventura.
The firm didn’t immediately return a request for comment.
In South Florida, buildings sporadically trade from one entity tied to the landlord to another entity tied to the same landlord. Generally, this could be for ownership restructuring or tax advantages.
Some coastal Broward County municipalities have experienced a wave of development. In Hallandale Beach, developer Giuseppe Iadisernia scored a $112 million construction loan last month for the 25-story, 250-unit east tower at 1000 East Hallandale Beach Boulevard. The building is part of Iadisernia’s 10-acre mixed-use Oasis Hallandale condo development.
In April, Puerto Rico-based SAG Development scored approval from the Hallandale Beach commission for a major development plan, zoning variances and redevelopment area modifications for an eight-story, 116-unit apartment building at 219 Pembroke Road. Eight of the rentals will be townhouses, and 17 units will be at affordable rents.
