Amancio Ortega closes on Brickell tower for $274M –– biggest South Florida office deal this year
Spanish billionaire Amancio Ortega completed his $274.4 million purchase of Sabadell Financial Center in Brickell, marking the biggest office deal in South Florida so far this year. Ortega’s Ponte Gadea investment family office bought the 30-story tower at 1111 Brickell Avenue in Miami from New York-based KKR and Orlando-based Parkway, according to records and real estate database Vizzda. Ponte Gadea did not record a mortgage, signifying this was likely a cash deal. Chris Lee and Sean Kelly of CBRE represented the sellers. The 524,000-square-foot Sabadell Financial Center was completed in 2000 on a 1.8-acre lot, as part of a larger […]This article originally appeared on The Real Deal. Click here to read the full story.
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