Goldman Properties has reportedly acquired an office building in Miami's arts district with billionaire Ken Griffin partnering with the Miami-based real estate development firm on the deal.
Griffin and Goldman Properties bought the 298,000-square-foot building known as 545Wyn for $180 million from Chicago developer Sterling Bay, according to a report from the South Florida Business Journal. The deal was brokered by Eastdil Secured.
Sterling Bay opened the 10-story building in 2021.
Representatives for Griffin, Goldman Properties, Eastdil Secured and Sterling Bay did not immediately respond to phone calls and email requests for comment from CoStar News.
"Goldman Properties has been shaping the future of Wynwood for 20 years," Scott Srebnick, CEO of Goldman Properties, told the Business Journal in a statement. "As Wynwood continues to attract the leading companies in technology, finance, and music to plant their flags here, we couldn't pass up the opportunity to acquire the largest and best-in-class office building in the neighborhood."
Griffin's participation in the deal was not confirmed by Srebnick.
545Wyn sits two miles north of downtown Miami at 545 NW 26th St. Surrounded by streetscape murals, the Wynwood neighborhood has seen a swathe of new luxury multifamily development, and even a new 266,000-square-foot office building, open as part of the Wynwood Plaza complex a few blocks north of the acquired building.
Goldman Properties is now listed on the building's website. Tenants at 545Wyn include Sony, consulting firm PwC, cryptocurrency exchange Gemini and Miami’s first securities trading floor — the Miax Sapphire options exchange, which opened in September, according to CoStar data.
Goldman Properties has had a presence in Wynwood for quite some time. The firm's founder was responsible for the construction of the Wynwood Walls — the art gallery and its outdoor murals that became a key driver behind the neighborhood's revitalization and shift away from a dilapidated garment district into an arts and nightlife center over a decade ago.
Griffin has steadily been adding to his real estate holdings throughout South Florida. His hedge fund company, Citadel, previously acquired a $363 million parcel in the Brickell financial district to make way for the company's eventual 1,049-foot-tall headquarters tower.
545Wyn amenities include a 442-space parking garage, on-site fitness center, private tenant balconies and an 8,000-square-foot pedestrian park.