Coral Gables office buildings sell for $98M as noncore markets attract investors
A trio of investors dropped $97.8 million for The Ponce office complex in Coral Gables in one of the city’s largest sales so far this year. Intalex Capital, Itero Investments and Greenwall Capital acquired a 365,000-square-foot office portfolio with the 12-story Class A building 2525 Ponce de Leon Boulevard, six-story Class B building 2555 Ponce de Leon and parking garage at 152 Valencia Avenue, the buyers told The Real Deal. ACORE Capital provided a $105 million loan covering the acquisition and $30 million in future upgrades. Property records show Newark, New Jersey-based Prudential Global Investment Management was the seller after […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Waterfront Gables Estates lot, once home to UMiami presidents, trades for $42M
Tyler Herro lists Pinecrest estate after trade to Milwaukee Bucks
$32M Surf Club Four Seasons condo under contract to flip for big profit
Negroni restaurants seek bankruptcy with $330K-plus in rent claims
Real estate money pops up in increasingly heated Miami-Dade judicial race
Movers: Overseas firm buys Kayne Anderson in $1.4B deal
South Florida’s top deals: Davie school building sells for $16M
Fed uncertainty keeps housing market guessing
Transit access reshapes housing affordability math
