The asset involved in the transaction is an office space located at 400 University Drive in Coral Gables, comprising a total area of 7,216 square feet. This property is part of a market valued for its commercial possibilities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 400 University Drive
• Market: Coral Gables
• Landlord: Zeke Guilford - 400 University LLC
• Tenant: Alirio Torrealba - MG Developer
• Landlord's Representative: Donna Abood, Joe Abood & Peyton Dowd - Savills
• Tenant's Representative: Tere Blanca - Blanca Commercial Real Estate

The lease was signed by MG Developer, which is relocating its headquarters from 301 Almeria Ave. This move is part of MG Developer's growth strategy across South Florida, with Savills representing the landlord and Blanca Commercial Real Estate representing the tenant.