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N.Y. private equity firm buys Courthouse Tower for $27.5 million

The 26-story Courthouse Tower in downtown Miami sold for $27.5 million Wednesday.
The 26-story Courthouse Tower in downtown Miami sold for $27.5 million Wednesday.

New York real estate private equity firm Brickman purchased downtown Miami's landmark Courthouse Tower for $27.5 million, Mika Miami of Sterling Equity Realty announced Wednesday.

Mika Mattingly of the Mika Miami team represented the seller, Courthouse Towers LLC, which is owned and operated by The Donovan Family. RFK Senior Directors Benjamin Mandell and John Ellis represented the buyer. The sale closed Wednesday.

Located at 44 West Flagler St., Courthouse Towers was not listed or on the market prior to the sale. The Mika Miami team, which specializes in properties within Miami’s urban core, arranged the off-market deal. The 26-story, 176,292 square-foot mixed-used office and commercial retail space was constructed in 1974.

This marks the second property purchased by Brickman in downtown Miami. The firm also acquired a 141,687 square-foot building at 200 S.E. 1st Street two weeks ago for $33,850,000.

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