Three AVR Realty Co. LLC-controlled companies bought Spanish TV network Telemundo's new headquarters in northwest Miami-Dade County, Fla., for $239.1 million, The Real Deal reported, citing property records.
TM Miami FL Landlord LLC, which is controlled by SunTrust Banks Inc.'s SunTrust Equity Funding LLC, sold the 476,000-square-foot, two-building campus at 1 Telemundo Way, within the 478-acre Beacon Lakes industrial park.
AVR Realty took over an approximately $185 million loan from Wells Fargo as part of the deal, the news outlet added.