1428 Brickell In Contract, Valued At Least $42 Million

Taplin Company has signed a deal to sell 1428 Brickell for $42 Million, according to the Herald.

The buyer is unknown.

The property is 1.2 acres, and includes an income-producing 10-story office building.

It isn’t clear if the $42 million bid is for a 100 percent stake. Another developer, KAR Properties, claimed to have negotiated a $32 million for an 8o percent stake in the property last month before being outbid.

KAR is suing, claiming breach of a 14 day exclusivity agreement that lasted from June 17 to July 1.