Gables Office Building Fetches $211 PSF

Steiner Management Services has purchased Gables Granada Plaza, a  35,500 square foot office building located at 770 S. Dixie Highway, Coral Gables, for $7,500,000  from  Gables Granada Plaza, LLC.  Steiner’s corporate headquarters are located in the building.
Bill Bailey, Vice President  and Thad Adams, Vice President with Allen Morris negotiated this transaction representing the buyer. NAI Rauch Weaver Norfleet Kurtz represented the seller.
“We had conducted a thorough search for office space over two years, but no building could compete with this location and functionality,” said Mr. Bailey.
Steiner is a global provider of spa services and operations, a manufacturer and distributor of premium skin, body and hair care products and an accredited educator teaching students the skills necessary to be a spa professional, including massage, skincare and spa management.