Ken Griffin reportedly buys Miami office building for $180M in Wynwood
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Hedge fund billionaire Ken Griffin appears to be expanding his business presence in Miami, adding to his already sizable real estate portfolio.
The Citadel founder partnered with Goldman Properties to purchase the 545Wyn office building for $180 million from Chicago-based developer Sterling Bay, according to the South Florida Business Journal.
Anonymous sources close to the deal told the outlet that Griffin is a partner in the purchase, though the listed buyer is Goldman Properties CEO Scott Srebnick.
Neither Citadel nor Goldman Properties immediately responded to Fox News Digital’s request for confirmation or comment.
Two of Miami’s top-grossing real estate agents told Fox News Digital the move appears strategic and is unlikely to be a one-off purchase, but rather the beginning of a larger Wynwood land grab.
Sources told the South Florida Business Journal that Citadel founder Ken Griffin was part of a $180 million Wynwood office purchase. (Sterling Bay/Getty Images)
“This looks more strategic than operational. Brickell is about scale and visibility — Wynwood is about flexibility and culture,” the Corcoran Group’s Mick Duchon said. “Creative office [space] attracts a different workforce and tenant mix. Owning both allows to hedge across asset classes while controlling the ecosystems around where talent actually wants to work.”
“Given previous track records, it’s unlikely to be a one-off. It often marks the beginning of a longer-term vision rather than a single transaction,” Douglas Elliman’s Lourdes Alatriste added. “The endgame is balance. This portfolio touches luxury living, global business and cultural innovation. It reflects a belief in Miami not just as a place to invest, but as a city with multiple centers of gravity, each serving a different purpose yet reinforcing the whole.”
Located at 545 NW 26th Street in Miami’s Wynwood neighborhood, the 10-story building spans nearly 400,000 square feet, the property listing on Blanca Commercial Real Estate’s website states.
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Wynwood has traditionally been a tech and creative hub in Miami, and the deal would mark Griffin’s first entry into the neighborhood after he spent hundreds of millions of dollars on properties in Star Island, Coconut Grove and Palm Beach.
“When an investor of his caliber enters a neighborhood, underwriting assumptions immediately change, cap rates compress, land pricing recalibrates, and…
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