Partnership Acquires Coral Gables Office Portfolio in South Florida for $97.8M

PGIM Sells Coral Gables Office Campus for Nearly $100M

PGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capital were the buyers of the 348,473-square-foot property. The tower at 2525 Ponce de Leon Blvd. totals 254,803 square feet and rises 12 stories. The second structure is a 93,670-square-foot, six-story building. Commercial Search reports CBRE worked o…

Partnership Acquires Coral Gables Office Portfolio in South Florida for $97.8M

CORAL GABLES, FLA. — A partnership between Intalex Capital, Itero Investments and Greenwall has acquired The Ponce, a three-building office portfolio spanning 365,000 square feet in Coral Gables. The acquisition includes 2525 Ponce de Leon, 2555 Ponce de Leon and 152 Valencia Avenue. Chris Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE represented the undisclosed seller, which sold the portfolio for $97.8 million. Amy Julian and Andrew Chilg…