Ken Griffin’s Citadel has spent up to $650 million since April buying properties in Brickell, according to Bloomberg.
Citadel was behind the $363 million purchase of 1201 Brickell Bay Drive in April, the news outlet reported, citing people familiar with the matter who asked not to be identified.
In addition, Citadel may be behind the purchase of a 28-story office tower at 1221 Brickell Avenue, the sources said. That sale closed this month for $286.5 million.
The buyers behind the properties are LLCs with unidentified ownership, but the authorized signatory on both entities is the same person.
In addition, witnesses on the 1221 Brickell filing are said to be employees of Sterling Bay, which Citadel is working with on new office space.
Before the two purchases, Citadel had reportedly been look for 200,000 to 300,000 square feet of office space.
The seller of 1201 Brickell Bay Drive was an affiliate of Florida East Coast Realty.
FECR’s Jerome Hollo told the website that he did not know who the buyer was. Hollo said his company had been excited to develop the property, but could not refuse such a high offer.
Glass office building on the left is 1221 Brickell. The vacant lot on the right is 1201 Brickell Bay Drive:
