Paulson & Co. Acquires American International Plaza in San Juan, Puerto Rico
NEW YORK, Aug. 15, 2014 /PRNewswire/ -- Paulson & Co. Inc. ("Paulson"), a New York-based investment firm, today announced that it has acquired American International Plaza, located at 250 Munoz Rivera Avenue in San Juan, Puerto Rico. The property was acquired from AIG, the original developer of the building. Terms of the deal were not disclosed.
The 326,000 square foot office building, built in 1991, is the premier building in the prestigious Hato Rey financial district. Property tenants include AIG, UBS, KPMG, Oracle, Charles Schwab and leading local law firms O'Neill & Borges and Goldman Antonetti and Cordova.
"We remain optimistic about the future of the San Juan real estate market including the office, residential and hotel sectors," said Michael Barr, senior real estate partner at Paulson.
In addition to the purchase of American International Plaza, Paulson has acquired the St. Regis Bahia Beach Resort, the Condado Vanderbilt, La Concha Renaissance Hotel and Tower, and various land parcels for future development.
About Paulson & Co.
Founded in 1994, Paulson & Co. is an investment management firm that specializes in event-driven investing. Paulson has approximately US$23 billion in assets under management and has offices in New York, London and Hong Kong. www.paulsonco.com
SOURCE Paulson & Co. Inc.