Argentine investment firm Grupo Frali has closed on a development site in Edgewater, Fla., for $12.4 million, the final piece in a full-block assemblage along Biscayne Boulevard.
Francisco Rodriguez and Ovy Anghel of Apex Capital Realty represented the buyer in the off-market deal. Grupo Frali had attempted to acquire the property from 3-H in the past but the two sides couldn’t agree to terms, said Rodriguez. “And, now, they did.
