Azora buys two properties for $57m

Azora, through its subsidiary Azora Exan, has made two new U.S. transactions, for a total investment of $57 million.

These acquisitions comprise two properties in prime locations: an office building in Boston, marking the first office transaction in the city since January 2022; and a retail building in Miami Beach. With these acquisitions, Azora’s total investment in the commercial and residential sectors in the United States since its entry in 2022 now exceeds $500 million.

The office building, located at 7 Post Office Square, has more than 60,000 square feet and was acquired for $41 million. Situated in the heart of Boston’s financial district, it is currently 91 percent leased to seven tenants, with Fidelity Investments having been the primary tenant since 1996. The building’s corner facade provides exce