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Stock Market & Financial Investment News

News Breaks
April 19, 2013
12:08 EDTPRUPREI acquires Miami's Sabadell Financial Center for $185M
Prudential Real Estate Investors has acquired Sabadell Financial Center, a 30-story, Class-A office tower in Miamiís Brickell Financial District. PREI, acting on behalf of institutional investors in its flagship core open-end commingled fund, is the real estate investment management and advisory business of Prudential Financial. PREI purchased the building, also known as 1111 Brickell, for $185M from an affiliate of Spanish real estate firm Testa Inmuebles en Renta, S.A. The transaction closed on April 12.
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