Beyond Commercial Group has officially closed the sale of Empire Plaza, an iconic office building located at 1052 Muñoz Rivera Avenue, Río Piedras, San Juan, Puerto Rico, to La Oficina de la Contralora de Puerto Rico (OCPR), a Puerto Rico government agency, for $8,300,000, on February 27, 2026.
A Landmark 2026 Commercial Sale in Puerto Rico
Beyond Commercial Group served as the exclusive representative of the seller, led by principal broker Phillip Faigenblat, REALTOR®, who advises Puerto Rico’s leading owners, investors, and companies on commercial real estate acquisitions, dispositions, and leasing across Puerto Rico. As of the date of publication, the transaction is the highest recorded commercial sale to date on Stellar MLS in 2026.
Empire Plaza is a 15-floor office property totaling 75,645 rentable square feet (RSF). The building is predominantly a single-use tenant property and includes ground-floor commercial space with a full-service restaurant. It is also widely recognized as the former headquarters of Triple-S Vida, a triple-A tenant and a subsidiary of Triple-S Salud, the exclusive independent licensee of the Blue Cross Blue Shield Association in Puerto Rico and the U.S. Virgin Islands.
The transaction also stands as the highest sale recorded in Stellar MLS in the San Juan Metropolitan Area across both residential and commercial categories over the last 365 days (from the date of the article's publication), further underscoring its significance beyond the commercial sector. The sale drew island-wide headlines after being featured by El Nuevo Día in its article “La Oficina de la Contralora compra edificio de Río Piedras por $8.3 millones,” where it was recognized as one of the most significant real estate transactions of February 2026.
For Beyond Commercial Group, the sale of Empire Plaza marks a significant milestone and further solidifies the firm’s role in Puerto Rico’s commercial real estate market across buying and selling, leasing, and property management of top commercial properties.
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We do it all. Beyond Commercial Group represents clients in the buying, selling, and leasing of office, retail, hotel, and investment properties across Puerto Rico.
