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**Torose-Led Team Sells Coconut Grove Office and Retail Property for $61 Million**
A 55,000-square-foot office and retail property in Coconut Grove has been sold for $61 million, equating to approximately $1,100 per square foot. The asset was acquired by Azora Private, with Torose Equities and Sabal Investment Holdings serving as the sellers.
Originally acquired by Torose through an off-market loan purchase in January 2025, the property was secured via UCC foreclosure shortly thereafter. According to Torose Equities, the sale marks a strategic value-add success, with the firm delivering strong returns to investors by repositioning a distressed-debt acquisition within just one year.
Following the acquisition, Torose implemented a leasing strategy that secured new tenants at rental rates significantly higher than existing leases, capitalizing on the limited available space and robust tenant demand in the Coconut Grove submarket.
This transaction adds to Torose Equities’ growing portfolio of value-driven deals across the Southeast, including recent acquisitions in downtown St. Petersburg and Miami Beach’s Lincoln Road. These investments further highlight the firm’s strategic focus on high-growth urban markets.
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