Prudential Real Estate Investors is buying the Sabadell Financial Center at 1111 Brickell Ave., according to sources who asked not to be named. The trade is an off-market transaction for the property, which has been listed for a few weeks.
The building last sold in 2002 for $132 million.
The current owner of the building is Testa Inmuebles en Renta, S.A out of Spain, which upgraded the common areas of the multi-tenanted floors last year.
The 30-story, 523,000 square foot tower interconnects to the JW Marriott hotel at the corner of Brickell Avenue and SE 12th Street.
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