CRE Powerhouses Join Forces To Buy Iconic Coral Gables Office Building
The JV partners expect to see strong demand for office space in Coral Gables in the coming months and years, as leases in more expensive office submarkets begin to expire.
The JV partners expect to see strong demand for office space in Coral Gables in the coming months and years, as leases in more expensive office submarkets begin to expire.
The buyers own Total Research Group (TRG), which performs high-quality clinical trials that lead to the development of lifesaving medical advances.
CBRE arranged the 10,175-square-foot retail lease at The Gateway at Wynwood.
Adam Talbot and Jeff Hartsook negotiated the lease transactions.
Tom Smith represented the seller and Edward Schmidt represented the buyer.
Brian Gale and Edward Quinon of Cushman & Wakefield represented the landlord in the lease negotiations. Holland & Knight LLP was represented by Todd Lippman and Shay Pope of CBRE.
The office condos total 3,771 square feet.
Before joining Colliers, he was a Managing Director at Savills, applying a multidisciplinary approach to serve various clients across industries, including legal, healthcare, financial services, architecture, engineering, and construction.
The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.
Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.
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