Coral Gables Office Building Trades For $57.5 Million

Coral Gables Office Building Trades For $57.5 Million

 – CRE-sources | South Florida Commercial Real Estate News

In the largest commercial real estate transaction to take place in Coral Gables this year, a joint venture between Greenstreet Partners and principals of CREC have sold the 2121 Ponce office building to a member company of Zurich North America (“Zurich”) for $57.5 million.

Zurich was advised by Zurich Alternative Asset Management LLC (“ZAAM”), its alternative investment adviser.

Brokered by CREC and CBRE, the sale of the 164,848 square-foot building marks the latest sign of mounting demand for high-performing South Florida office properties among institutional investors around the world.

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