Ken Griffin Of Citadel And Scott Srebnick Of Goldman Properties Acquire Office Building In Miami For $180M

The office asset located at 545 Northwest 26th Street in Miami, a 10-story building encompassing 298,000 square feet, has been sold for $180 million. The transaction involved the property being previously owned by Sterling Bay and is now managed by Goldman Properties. The price per square foot for the asset was calculated at $604. Notably, the building houses tenants including PwC, Sony Music, Gemini, and MIAX.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $180,000,000
• Buyer: Ken Griffin - Citadel
• Buyer: Scott Srebnick - Goldman Properties
• Seller: Andy Gloor - Sterling Bay
• Broker: Eastdil Secured
• Square Footage: 298,000
• Price per Square Foot: $604

Ken Griffin, CEO of Citadel, collaborated with Scott Srebnick of Goldman Properties in acquiring the property, which enhances the portfolio of both entities in Miami's Wynwood district. The brokerage firm Eastdil Secured facilitated the transaction, representing the seller, Andy Gloor from Sterling Bay.