City National Bank of Florida Sells Coral Gables Office Building for $39 Million

City National Bank of Florida sold its former headquarters in Coral Gables, Florida, for $39 million, Commercial Observer and The Business Journals both reported. Property records show that non-profit hospital operator Baptist Health South Florida purchased the four-story office building. [1][2]

The property is located at 2855 South Le Jeune Road, situated between Sevilla and Palermo avenues and two blocks west of Ponce Circle Park, Commercial Observer reported. Built in 2007, the 121,418-square-foot office structure sits on a 0.7-acre parcel. [1]

City National Bank of Florida moved across the street earlier this year, according to Commercial Observer. Last year, the financial institution signed a 144,878-square-foot lease to relocate its operations to 2701 South Le Jeune Road. [1]