CBRE Arranges $68 Million Sale of 5505 Waterford in Miami

CBRE facilitated the $68 million sale of 5505 Waterford on behalf of Franklin Street Properties.

The CBRE team, led by Vice Chairman Christian Lee and Vice President Sean Kelly, exclusively represented the seller. The CBRE team included Senior Vice President Amy Julian and First Vice Present Andrew Chilgren with CBRE's Debt & Structured Finance Group, as well as Vice President Marcos Minaya, Senior Financial Analyst Tom Rappa, and Financial Analysts James Carr and Matthew Lee.

5505 Waterford is a 213,182-sq.-ft., Class A office asset located in Miami’s Waterford Business District. Previously serving as Burger King’s headquarters, the building has recently benefited from a major renovation that included a new grand lobby, tenant lounge, 5,000 sq. ft. fitness center and the addition of another level to the parking structure, providing for a market leading parking ratio. Additionally, tenants at 5505 Waterford benefit from its superior access to and visibility from the Dolphin Expressway.