City: Coral Gables

at 50 Alhambra Plaza

The Alhambra Plaza is 92 percent occupied, while Alhambra West is 88 percent occupied

2-bldg complex is aka the Alhambra Plaza; East (14-story, 225,500 sf) West (7-story 95 Merrick Way)

Building contains a 157-unit hotel, 130,000 sf of office space and a nine-floor parking garage. Buyer plans to occupy 40,000 sf of office space.

Hines plans to develop the downtown site at 2525 Ponce de Leon Blvd into a mixed-use development.