An affiliate of Lone Star Real Estate Fund VII, managed by Lone Star Funds, along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital, has completed the acquisition of The Alhambra, an office complex in South Florida.
Located in downtown Coral Gables, Fla., a submarket of Miami-Dade, the class A property includes two buildings abutting a Hyatt Regency Hotel and totals 326,451-square-feet of office space. The Alhambra is a top-tier asset with diversified, institutional tenants and is near hotels, restaurants and retail destinations. Coral Gables is an affluent suburb of Miami that has experienced significant population and economic growth. The area has convenient access to major entertainment, hospitality and transportation hubs.
This marks the second recent commercial real estate investment that Lone Star has made in South Florida, having acquired
