Crocker Inks $62M In Distressed Office Buys

acquired the Miami Center, a 34-story, 803,000-square-foot trophy office building in June 2012 for $262.5 million in the largest office transaction in Miami since 2008. Crocker also owns SunTrust International Center in Downtown Miami and One Financial Plaza in Downtown Fort Lauderdale. “Our primary strategy focuses on top-tier assets in secondary markets,” Crocker says. “We seek out quality assets in urban, in-fill locations that are attractive relative to replacement cost.  Of course, we always keep our eyes open for compelling opportunistic deals, such as our recent Orlando and Jacksonville acquisitions.”   Source:  GlobeSt.]]>