The buyer of the SunTrust Bank building in Brickell is tied to a well known Brazilian construction company, corporate records show.
The building at 777 Brickell sold for $140 million on Feb. 12. Alliance Re Holdings purchased the building, according to Miami-Dade County records.
Company managers Adolfo Geo Filho, Rodolfo Giannetti Geo, Jose De Lima Geo Neto, Euler Miranda Da Costa and Antonio De Padua Pereira are tied to Brazilian construction company Construtora ARG, based in Belo Horizonte in the state of Minas Gerais.
Geo Filho, Giannetti Geo and De Lima Geo Neto are sons of Adolfo Geo, who founded ARG about 35 years ago. ARG has worked on major public infrastructure projects in Brazil relating to roads, metro systems, airports, mining and dredging, as well large private projects. The company has also worked on projects in other South American countries as well as Africa, according to a 2011 “O Empreiteiro” (The Contractor) magazine article. At the time, ARG had about 6,000 employees and an annual revenue of more than $1 billion.
Geo Filho bought an Ocean 4 Sunny Isles Beach condo with his wife, Lillian De Almeida Geo, in 2007 for $1.36 million. A mortgage for the $140 million Brickell sale was not recorded.