224,000-SQUARE-FOOT CORAL GABLES OFFICE BUILDING SOLD

CORAL GABLES, FLA. — J.P. Morgan Investment Management has sold the 224,049-square-foot 355 Alhambra Circle to Boston-based AEW Capital Management for an undisclosed amount. Located in Coral Gables, the office building is 95 percent occupied by tenants including Kraft Foods Latin America, Merrill Lynch, Washington Mutual Bank and Wells Fargo Bank. Jay Caplin, Mark Gilbert, Adam Feinstein and Eric Williams of Cushman & Wakefield’s Capital Markets Group represented the seller.