FECI Sells Part of Miami Central Station

Ridership that has fallen short of expectations has led Florida East Coast Industries to sell a portion of its MiamiCentral station complex.

FECI is the parent company of the former Brightline intercity rail system, which earlier this year was rebranded as Virgin Trains USA

News reports say FECI has sold for $160 million two office towers and more than 150,000 square feet of commercial space, ground-floor retail and parking to the Shorenstein Company of San Francisco.

Shorenstein is a real estate investment firm that is one of the largest landlords in San Francisco.

FECI will continue to operate the train station and rail service at MiamiCentral.

One report indicated that FECI sought the deal as a way to recoup losses from missing ridership goals.

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