Midtown Capital Partners just paid $14.75 million for a Coral Gables office building as part of a sale-leaseback deal. Steiner Management Services, the parent company of One Spa World, which has its headquarters at the property, sold the 58,500-square-foot building at 770 South Dixie Highway to Midtown Capital Partners, a commercial investment firm led by Alejandro Velez and Alexander Saieh. The buyer financed the 12-year sale leaseback an $8.1 million mortgage from Citibank, according to ... [more]