CORAL GABLES, FLA. — CBRE has arranged the sale of Douglas Entrance, a Class A 467,325-square-foot landmark office campus in Coral Gables. Miami-based Banyan Street Capital and Los Angeles-based Oaktree Capital Management partnered to acquire the five-building project from Chicago-based Pearlmark Real Estate Partners for approximately $100.8 million. The property was 82 percent leased at the time of sale. Douglas Entrance, located at the intersection of S.W. 37th Avenue and S.W. 8th Street, includes modern high-rise towers, street-level retail, boutique office suites and meeting spaces. The building, which is LEED Silver-certified and an Energy Star-rated project, is also listed on the National Register of Historic Places. The CBRE team representing the seller included Christian Lee, JoséLobón, Charles Foschini and Chris Apone. Eric Groffman, Josh Gibbons and Andrea Lopez of Transwestern assisted the CBRE team in the transaction.
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