A joint venture between East End and BentallGreenOak has sold 555 Washington, a boutique, mixed-use asset totaling 65,746 square feet of office and retail space in Miami Beach, Fla.
A partnership between Greenmont Group and Davis has paid $52.5 million for the asset.
555 Washington has an unparalleled location at the corner of Washington Ave. and 5th St. just a few blocks from South Beach. It is conveniently positioned near the MacArthur Causeway, providing access to the greater Miami metro area, and is considered one of the most accessible class A office buildings on Fisher Island. In addition, 555 Washington serves as the primary office property for residents of the affluent South of Fifth neighborhood.
Renovated in 2015, 555 Washington offers 44,516 square feet of creative office space boasting open floorplans and exposed ceilings alongside 21,230 square feet of ground-floor retail space. Overall, the property is 82 percent leased to 11 diverse tenants, i
