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BAL HARBOUR SUNTRUST BUILDING SOLD FOR $13.5 MILLION

BAL HARBOUR SUNTRUST BUILDING SOLD FOR $13.5 MILLION

Bal Harbour (Miami Beach), FL – January 14, 2012 – (RealEstateRama) — The SunTrust bank building located at 9600 Collins Avenue in Miami Beach’s Bal Harbour village was acquired for $13.5 million by an affiliate of the owner of Bal Harbour Shops. The seller, a wholly owned subsidiary of Inland American Real Estate Trust, Inc., hired CBRE to market the asset for sale.