CGI Merchant Group has acquired 550 Biltmore Way, located in the heart of Coral Gables, Fla.
“Since first acquiring 55 Miracle Mile in 2014, our goal has been to continue expanding our footprint in the `City Beautiful’ of Coral Gables, one of the most desirable suburban office markets in the Southeastern United States. As an investor, this was a strategic decision for us — one that we are confident will contribute to the continued success of CGI in this competitive market,” said Raoul Thomas, founder and CEO of CGI.
An affiliate of MSD Partners served as the lender on the transaction for the purchase of 550 Biltmore. MSD Partners is an SEC-registered investment adviser
550 Biltmore is considered a class A trophy mixed-use asset. With this purchase, CGI
