Blanca Commercial Real Estate Named Office Leasing Broker for "The Building on Ponce Circle" in Coral Gables, Florida

58,000 square foot building is Coral Gables' newest Class A office property. End Quote

Miami, FL (1888PressRelease) April 03, 2013 - Miami-based commercial real estate brokerage and advisory firm Blanca Commercial Real Estate has been named the exclusive leasing agent for The Building on Ponce Circle, a 58,000 square foot, Class A office building at 2990 Ponce de Leon Boulevard in Miami's Coral Gables business district. The unique six-story office property stands out for its modern architectural design as well as its private boutique-style setting in one of Miami's most desirable urban locations.

Blanca Commercial Real Estate President and CEO Tere Blanca and Executive Vice President Alison Pages will lead the marketing and leasing for the property.

"The Building on Ponce Circle boasts a premium location and high visibility along Ponce de Leon Boulevard, one of Miami's most prestigious business addresses," said Tere Blanca, President and CEO of Blanca Commercial Real Estate. "Minutes away from many of Miami's top residential neighborhoods, countless shops, restaurants and hotels, the property is an ideal location for companies seeking a uniquely collaborative and creative environment in Class A office space in Miami."

The building was developed in 2012 by South Florida-based development firm AJP Ventures on behalf of a joint venture between venture capital fund Mas Group of Companies and TAZ Partners, LLC, a real estate investment fund created by the Zubizarreta family. The building's current occupancy rate stands at 62 percent, with a tenant roster that includes some of Miami's most prominent companies, including anchor tenant Zubi Advertising, one of the nation's largest and most respected advertising agencies; Mas Group of Companies, FirstBank Florida; and LBI Media, the largest privately held, Spanish-language broadcaster in the United States.

The modern-style property was recently named '2012 Project of the Year' by the National Association of Industrial and Office Properties (NAIOP) South Florida Chapter and was awarded the "City Beautiful Award" by the Coral Gables Chamber of Commerce in recognition of its commitment to aesthetic beauty and architectural achievements.

"The building's contemporary and visually-stunning architectural design, premium finishes, well-capitalized ownership, and convenient location at the center of one of Miami's most elite business districts all set the project apart," said Alison Pages, Executive Vice President of Blanca Commercial Real Estate.

Among the key factors driving tenant activity are the building's easily-accessible location on Ponce de Leon Boulevard at Ponce Circle and Catalonia Avenue away from the traffic congestion along Miracle Mile and its close proximity to dozens of high-end retail shops, restaurants and hotels within walking distance.

Displayed on the building's exterior southwest wall is the visually-stunning Flight to Freedom sculpture created by Miami artist John Angée - the first piece of artwork installed through Coral Gables' Art in Public Places program.

The Building on Ponce Circle features a state-of-the-art impact glass curtain wall system with floor-to-ceiling windows; an on-site bank and drive-thru teller; ample covered parking; and a rooftop terrace with spectacular panoramic views. The building offers flexible floor plates measuring 7,720 square feet in size and can accommodate full-floor tenants or smaller private suites. Approximately 20,000 square feet of contiguous space is available on floors 2 through 4. Additionally, with a commitment to the environment and overall sustainability, the Building on Ponce Circle was designed and built to achieve LEED certification awarded by the U.S. Green Building Council.

To learn more, visit www.thebuildingonponce.com. For leasing information, please contact Tere Blanca or Alison Pages of Blanca Commercial Real Estate at (305) 577-8850.

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