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MetLife Sells Miami Waterford Offices to RealOp for $110M

6303 and 6505 Blue Lagoon Drive with RealOp Investments CEO Reggie Bell (Google Maps, LinkedIn) RealOp Investments paid $110.1 million for three office buildings at the Waterford Business District near Miami International Airport. The Greenville, South Carolina-based commercial real estate investor bought the Waterford Atrium complex at 6100, 6303 and 6505 Blue Lagoon Drive in two deals from different affiliates of MetLife, records show. RealOp secured a $93.9 million acquisition loan from Forethought Life Insurance Company, according to a mortgage. Waterford Atrium, built in the early 1990s, totals 498,073 square feet of office space, according to property records. It’s 71 percent leased, with tenants including the Discovery entertainment company and L’Oréal.

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