Dealmaker: John C. Lonardo
The Deal: Lonardo represented seller Tino Reiser in the Jan. 26 sale of the Merrick Plaza Office Building at 2199 Ponce de Leon Blvd. in Coral Gables, to Paul Cejas, CEO of Ascendant Commercial Insurance. It was the third time the six-story, Class B building and nearby covered garage changed hands in 14 years. The sales price of $14 million, or about $298 per square foot, is almost double the $7.25 million paid in 2001.
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