Coral Gables Office Park Trades For $76 Million
The purchase of the 474,109 square foot complex equates to $160 per square foot.
The purchase of the 474,109 square foot complex equates to $160 per square foot.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.
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.
Gordon Messinger and Randy Carballo with CBRE represented Banyan in all lease negotiations.
CBRE Executive Vice President Gordon Messinger represented the landlord, Banyan Street Capital, in all lease negotiations.
The property was sold to an affiliate of Banyan Street Capital.
Cushman & Wakefield’s Gordon Messinger leads Doral Center’s leasing team, which also includes Executive Director Stuart Gordon and Director Matthew Bittel.
Banyan Street Capital and DRA Advisors LLC intend to reposition the site as a mixed-use development. CLICK ON THE HEADLINE FOR MORE
The building nearly doubled its value in just 3 years. CLICK ON THE HEADLINE FOR MORE
The CBRE leasing team of Maggie Kurtz, Diana Parker and Kevin Gonzalez looked at the project with “fresh eyes” and presented a marketing campaign that captured ownership’s vision and new direction for the office park. CLICK ON THE HEADLINE FOR MORE
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