Hines Acquires Mixed-Use Property In Coral Gables For $430M

The mixed-use property located at 235 & 237 South Dixie Highway in Coral Gables has been sold. This property spans across 4.3 acres and features a total of 495 units. The sale price for this transaction was $430,000,000, resulting in a per unit price of $868,687. The total area of the property is 1,200,000 square feet, with a price per square foot of $358.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $430,000,000
• Address: 235 & 237 South Dixie Highway, Coral Gables
• Market: Coral Gables
• Acres: 4.3
• Units: 495
• Price per Unit: $868,687
• Total Square Footage: 1,200,000
• Price per Square Foot: $358

The buyer of this property is Hines, represented by Jef­frey Hines & Alfonso Munk. On the other hand, the seller is 54 Madison Partners, with Henry Silverman and Nolan Reynolds International represented by Charles Nolan Jr. & Brent Reynolds. The buyer's representatives for this deal are Michael Harrison & Juan Jacobus from Hines, while the seller is represented by Cushman & Wakefield.