MIAMI-Prudential Real Estate Investors has spent $184 million to acquire the Sabadell Bank Building here.
The transaction between current owner Testa Inmuebles en Renta, S.A. of Spain and Prudential was an off-market transaction, according to the South Florida Business Journal. The newspaper reports that the Robert Allen Law firm announced the deal but did not divulge the identity of the buyer. The 30-story, 525,000-square-foot building previously traded in 2002 for $132 million.
Bob Allen of the Robert Allen Law firm handled negotiations for the seller. Paul Meyer of the Chicago office of Mayer Brown and Houston-based Gerami Granello represented the buyer. See story in the South Florida Business Journal.
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