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Telemundo's Fla. HQ sells for $239M

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Telemundo's Fla. HQ sells for $239M

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.