Coral Gables Office Complex Sells, Fetches 96% Of Target Price
DWS Group initially brought the property to market in July 2025, seeking approximately $125 million. The complex last sold in 2015 for $118.55 million.
DWS Group initially brought the property to market in July 2025, seeking approximately $125 million. The complex last sold in 2015 for $118.55 million.
Codina Partners previously co-owned Tower One with Invesco, while solely owning Tower Two.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Paul Stasaitis and Associate Maddy McMillen.
Located at Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 square feet of Class A office space and 32,000 square feet of prime ground-floor retail. The building is more than 90% leased.
“Having achieved 90 percent lease-up prior to breaking ground, this center shows the continued strength of large format brick-and-mortar retail destinations across multiple use categories.”
The purchase equates to $219 per square foot. CLICK ON THE HEADLINE FOR MORE
HFF also secured a $61 million, 10-year, fixed-rate loan for the buyer. CLICK ON THE HEADLINE FOR MORE
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