555 Washington

East End, BentallGreenOak Sell Mixed-Use Center in Miami Beach for $52.5 Million

by Julia Sanders

Miami Beach, Fla. — A joint venture between East End and BentallGreenOak has sold 555 Washington, a mixed-use property in Miami Beach totaling 65,746 square feet of office and retail space, for $52.5 million. Hermen Rodriguez, Ike Ojala and Matthew McCormack of JLL represented the seller in the disposition of the property to a partnership between Greenmont Group and Davis. Renovated in 2015, 555 Washington offers 44,516 square feet of creative office space, along with 21,230 square feet of ground-floor retail space. The property was 82 percent leased at the time of sale to 11 tenants, including CVS/pharmacy, Wells Fargo and Warner Music Group. 555 Washington also includes a six-story, 243-space parking garage.

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