The acquisition brings CP Group’s Downtown Miami holdings to nearly 3 million square feet and over 4 million in the City of Miami, growing its hold as the largest office landlord in the city.
Veteran development expert will oversee $100 million in planned upgrades to leading office landlord’s growing Atlanta portfolio
Prestigious 38-Story Building Sells for $225 Million
Florida’s largest office landlord, in partnership with Related Fund Management, further expands regional footprint with the acquisition of a 267,000-square-foot campus
Georgia’s second-largest office landlord acquires the city’s tallest building and adds 1.35 million-square-feet to its Atlanta portfolio
Atlanta’s second-largest office landlord expands regional footprint with the addition of two properties totaling 169,000 square feet located on Peachtree Road
Two players that dominate the list are New York-based Related Companies, headed by Stephen Ross, which is the biggest office landlord in West Palm Beach by a long shot, and Boca Raton-based CP Group, which made a number of trades this year in both directions.
Maintaining those spaces will mean additional costs, like heat or cooling, but Angelo Bianco, CP Group’s managing partner, said his company was adding outdoor lounge space “to every building we own.” Some new designs focus on flexible indoor-outdoor spaces, like an airy lobby coffee shop with indoor seating and garage-door type walls that can be opened to patio space.