CBRE Arranges Sale, Financing Of Trophy Asset In Coral Gables

CBRE National Office Partners has arranged the sale and acquisition financing of Ryder Colonnade, a premier 11-story, 206,812-square-foot office tower located at 2333 Ponce De Leon Blvd. in Coral Gables.

The trophy asset is built around a historic two-story rotunda and seamlessly connected to a nine-story parking structure.

Christian Lee and Sean Kelly with CBRE National Office Partners represented the seller, AEW Capital Management (AEW), in the transaction. CBRE’s Debt & Structured Finance team, led by Amy Julian and Andrew Chilgren arranged acquisition financing on behalf of the buyer. The broader CBRE team included Tom Rappa and Matthew Lee.

“Coral Gables continues to outperform, driven by strong office rent growth and sustained tenant demand,” said Lee, vice chairman with CBRE.  “Its affluent demographics, superior connectivity to executive and workforce housing, and proximity to top-tier amenities make it one of Miami’s most desirable office markets.”

 

Kelly, vice president at CBRE, said, “The submarket has attracted over 700,000 square feet of tenant relocations from other parts of Miami, as decision-makers prioritize proximity to home. Additionally, more than 150,000 square feet of new-to-Florida tenants have selected Coral Gables for their Miami headquarters.”