The Real Deal Miami

Baptist picks up Coral Gables office building for $12.5M

Last sold for $8.5M in April 2009

May 04, 2015 02:30PM
By Katherine Kallergis

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1500 Monza Avenue in Coral Gables

1500 Monza Avenue in Coral Gables

Baptist Health South Florida added to its Coral Gables assemblage of properties with a $12.5 million purchase, according to Miami-Dade County records.

Park Place Centre LLC sold one of two buildings in Coral Gables, near a Whole Foods and Publix supermarket, to Baptist Health last week. The two-story, 33,194-square-foot office building, at 1500 Monza Avenue, sits on a 30,311-square-foot lot and includes paved parking.

It last sold in April 2009 for $8.5 million, according to county property records.

Coral Gables-based Park Place Centre still owns the adjacent property, a 34,824-square-foot office building at 1501 Venera Avenue. Kenneth Rosen is listed on the seller’s corporate records.

Two blocks south of Park Place I, Baptist Health owns three parcels totaling 3.5 acres: 1575 San Ignacio Avenue, its headquarters at 6801 Red Road, and 1500 San Remo Avenue.