Church of Scientology Acquires Former Renzi Miami office for $7M from U.S. Century Bank

The nonprofit group, which is based in Hollywood and affiliated with the national religious movement founded by L. Ron Hubbard, acquired the former Renzi building at 2220 S. Dixie Highway from the Doral-based bank for $7 million.

The amount is more than the $5.9 million mortgage the bank used to foreclose on the property in 2011 – taking it away from developer Renzo Renzi.

The 113,035-square-foot office was built in 2000.

Property records show the Chuch of Scientology already owns an office building in Coral Gables.

Read full article here.

Brought to you by ‘Insights on Miami Real Estate Deals‘