Bridge Investment Group, a U.S. real estate investment and property management firm, has bought Museum Tower, an office building in downtown Miami, Florida.
Located at 150 West Flagler St., the 259,666-square-foot office tower was originally built in 1986.
Bridge Investment acquired the 29-story tower for $64.6 million from U.S. real estate firm Gaedeke Group, which was represented by CBRE on the deal.
Since 2016, over $3 million of capital has been invested in the building, including upgrades to heating, ventilation, and air conditioning and security systems, an overhauled fire alarm system, roof upgrades, among others.