Blanca CRE Brings The Plaza Coral Gables To 100% Leased
The Plaza Coral Gables spans seven acres and features approximately 455,008 square feet of Class A office space across two towers.
The Plaza Coral Gables spans seven acres and features approximately 455,008 square feet of Class A office space across two towers.
The lease marks Miami’s largest office lease to date in 2025.
CBRE, represented by Chris Lee and Sean Kelly, alongside Blanca Commercial Real Estate, represented by Chris Gallagher, Christina Stine Jolley, and Andres Del Corral facilitated the transaction on behalf of the seller. The property was bought by Galium Capital.
The landlords were represented by Juan Ruiz, Andres del Corral, Jack Davidson, Jessy Aguila, and Tere Blanca, of Blanca Commercial Real Estate in the lease transaction. Brent Woodruff, Matthew Goodman, and Tyler Wyant from CBRE represented the tenant.
The seller was represented by Blanca CRE’s Andres del Corral. Luisa Nichols of Keller Williams Capital represented the buyer.
The venture led by Parmenter will invest significant capital to enhance and reposition the property, establishing it as a new innovation hub in Doral.
Blackstone intends to create a new office to expand the firm’s in-house technology capabilities with plans to hire more than 200 tech-focused employees in Miami in the coming years.
The office portfolio property management contract awarded to JLL is the largest agreement by square footage secured in Florida for 2020.
Marcus & Millichap’s Douglas Mandel and Benjamin Silver negotiated the sale. CLICK ON THE HEADLINE FOR MORE
The leases are the first Miami office leases for both companies. CLICK ON THE HEADLINE FOR MORE
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