Babak Ebrahimzadeh sells Singer Island office building and garage with mixed-use dev potential for $17M

Investor Babak Ebrahimzadeh sold an office building and an adjacent garage with mixed-use development potential in Riviera Beach’s Singer Island for $16.5 million.  Ebrahimzadeh, through his Miami-based Master Mind, sold the Ocean Blue property consisting of a five-story office building and three-level garage at 2655 North Ocean Drive, according to brokers and records. The buyer is George Jay II, Limited Partnership, an entity tied to real estate investor George Johnnides. The deal closed on Friday.  Rachel Mitrogiannis of Ascella Group and Earl Hollis III of Hollis Realty Group represented the seller. Paul Snitkin of Anderson Carr represented the buyer.  The […]This article originally appeared on The Real Deal. Click here to read the full story.