ComReal Coral Gables Sells 8,200 SF Boutique Law Building

ComReal | Miami-Coral Gables, LLC is proud announce the sale of 113 Almeria Avenue in Coral Gables Florida. The stylish two story 8,200 SF boutique professional building on a 7,500 SF lot is located in the developing Gables Plaza District with its one million SF mixed-use office, hotel, retail, luxury residences, and art park. The property traded for $4,000,000 or $488 per square foot.

In 1992, the property was purchased by P.F.W Associates for its boutique law practice. Michael Parenti, a medical defense lawyer, expanded and modernized the building to its current design serving the practice and tenants. The buyer is Patino & Associates, an international civil litigation firm, led by Ralph Patino, a leading trial litigator in consumer rights and product safety.

John Lonardo, CCIM was the sole broker in the transaction representing the buyer and seller in the transaction. Mr. Lonardo, a noted Coral Gables commercial real estate advisor, is a principal at the ComReal | Miami-Coral Gables office located at 51 Merrick Way in the center of downtown central business district.