Ponce Coral Gables LLC Acquires Office Portfolio In Coral Gables For $97.8M

Ponce De Leon Boulevard

$97,800,000

$267/SF

Building Size

365,000 SF

Asset Type

Office

Closing

Jul 1, 2026

AI

The Ponce, a significant office portfolio comprising 365,000 square feet, has been located at 2525 & 2555 Ponce De Leon and 152 Valencia Coral Gables, Florida. The asset was sold for a total transaction amount of $97,800,000, reflecting a price per square foot of $267 in the Coral Gables market.

Summary of transaction details:

Property Type: Office
Transaction Amount: $97,800,000
Buyer: Ponce Coral Gables LLC, Greenwall Capital, Itero Investments & Intalex Capital
Seller: Prisa Ponce De Leon
Brokers: Christian Lee, Sean Kelly, Tom Rappa, Matthew Lee, Amy Julian & Andrew Chilgren - CBRE
Loan Amount: $105,000,000
Investment for Upgrades: More than $30,000,000
Expected Completion of Renovations: 2027

The transaction involved a collaboration between Intalex, Itero, and Greenwall, represented by multiple brokers from CBRE. This acquisition signifies one of the substantial office real estate transactions in South Florida for the year and showcases the growing demand in the Coral Gables area, as the partnership plans on modernizing the buildings significantly and enhancing tenant spaces and amenities.

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