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Matthew Love Of Nicklaus Children’s Hospital Leases 65000 SF Office At Columbus Center In Coral Gables

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LEASED

Florida

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Office65,000 SF
Leased 04/15/2025
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LEASED

Matthew Love Of Nicklaus Children’s Hospital Leases 65000 SF Office At Columbus Center In Coral Gables

1 Alhambra Plaza

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Office65,000 SF
Leased 04/15/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:65,000 SF
Transaction Type:Lease

The asset involved in this transaction is an office space encompassing 65,000 square feet, located at 1 Alhambra Plaza in Coral Gables. This property is part of the Columbus Center, which was previously acquired by Tourmaline Capital Partners for $76 million, with an occupancy rate of 62% noted last July.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $76,000,000
  • Address: 1 Alhambra Plaza, Coral Gables
  • Landlord: Brandon Huffman - Tourmaline Capital Partners
  • Tenant: Matthew Love - Nicklaus Children’s Hospital
  • Brokers: Savills & Cushman & Wakefield

Brandon Huffman represents Tourmaline Capital Partners in this leasing transaction, while Matthew Love represents Nicklaus Children’s Hospital. The lease signed covers roughly 65,000 square feet within the downtown Coral Gables area.

Details

LEASED
IMAGE: Brandon Huffman & Matthew Love DATE: 04/15/2025 ADDRESS: 1 Alhambra Plaza MARKET: Coral Gables ASSET TYPE: Office ~ SF: 65,000 LANDLORD: Brandon Huffman - Tourmaline Capital Partners TENANT: Matthew Love - Nicklaus Children’s Hospital BROKERS: Savills (@Savills) & Cushman & Wakefield (@CushWake) NOTE: Nicklaus Children’s Hospital signed a lease for roughly 65,000 square feet at Columbus Center in downtown Coral Gables. The move follows Tourmaline Capital Partners’ $76M foreclosure acquisition of the 473,214-square-foot property, which was 62% occupied last July.

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Deal Type
Effective Rent (Annual)

$3,725,760.78

Total Lease Value

$37,257,607.76

Net Landlord Cash Flow$3,725,760.78