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Cardone Capital Taps Crowdfunding For $91M Office Buy In Aventura

An affiliate of Cardone Capital acquired an 11-story office building in Aventura for $91 million with help from crowdfunding.

Aventura Harbour Borrower LLC, managed by Rob B. Shults in Irving, Texas, sold the 528,954-square-foot Aventura Harbour Centre at 18851 N.E. 29th Ave.

The buyer was 10X Centre LLC, managed by Grant Cardone of Aventura-based Cardone Capital. The building has about 217,056 square feet of leasable space, plus the parking garage. Miami-based City National Bank of Florida provided a $73 million mortgage to the buyer. The difference between the mortgage and the purchase price was crowdfunded.

CBRE’s Christian Lee, José Lobón, Amy Julian, and Tom Rappa, along with Jonathan Kingsley of Colliers listed the building. Cardone worked with Square2 Capital and Highline Real Estate Capital on the purchase.

According to CBRE, the building is 85% leased. Tenants include UBS and First Horizon Bank.


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