Madison Marquette pays $47M for Coconut Grove office buildings

A Washington, D.C. commercial real estate firm purchased its first properties in Miami.

Madison Marquette, an investor, developer and operator of mixed-use real estate, paid a combined $47.4 million for the office buildings at 3250 Mary Street and 3225 Aviation Avenue in Coconut Grove, property records show. The deals closed in late December.

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