200 East Flagler Building Sold For $19.75M

200 East Flagler St

A five story building in Downtown Miami, located at 200 East Flagler St has been sold for $19.75 million, according to The Miami Herald.

The 46,912 square foot building, which was originally a Walgreens, was built in 1937 and was purchased by Stambul. Stambul also purchased the Old U.S. Post Office and Courthouse Building for $11 million in 2014. 

The building will be converted into high end restaurants, retail and entertainment venues.