The Building on Ponce Circle Signs 13,320 Square Feet of Office and Retail Leases in Coral Gables, Florida
Leases with Caliber Home Loans, First Bank Florida and Violeta Pasteleria boost Coral Gables' newest Class A office building's occupancy to 80% less than one year after opening.
- Miami, FL (1888PressRelease) November 01, 2013 - The Building on Ponce Circle, a new 58,000 square foot Class A office building in Miami's Coral Gables business district, has finalized three new lease agreements for a total of 13,320 square feet of office and retail space. Artisanal bakery shop Violeta Pasteleria and First Bank Florida will occupy a combined 5,600 square feet of retail space while new-to-market office tenant Caliber Home Loans has taken 7,720 square feet, resulting in positive absorption for the Coral Gables market.
The newly-signed leases bring The Building's occupancy to 80% within one year after completion. Financial terms of the agreements were not disclosed.
Blanca Commercial Real Estate President and CEO Tere Blanca and Executive Vice President Alison Pages represented AJP Ventures, The Building's developer, in the transactions. Jon Bourbeau of Newmark Grubb Knight Frank represented Caliber Home Loans; Vivian Gonzalez of Cresa Partners represented First Bank Florida; while Jenny Pimentel of Chariff Realty represented Violeta Pasteleria.
"The Building's quality, visually-striking architectural design, private boutique setting, and convenient location at the center of one of Miami's most elite business districts continues to attract a diverse mix of top-tier, mid-sized companies," said Alison Pages, executive vice president of Blanca Commercial Real Estate.
The Building on Ponce Circle's current tenant roster includes some of Miami's most prominent companies including anchor tenant Zubi Advertising, one of the nation's largest and most respected advertising agencies, and LBI Media, the largest privately-held, Spanish-language broadcaster in the United States.
"In just under a year since opening our doors, The Building has attracted a roster of premium tenants," said Alberto J. Perez, president of AJP Ventures, the project's developer. "This points to the quality of The Building and the demand that exists from top-tier tenants for the unique workplace environment that is offered here."
The modern property was 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 aesthetics and architectural achievements.
The Building on Ponce Circle offers an accessible location on Ponce de Leon Boulevard at Ponce Circle and Catalonia Avenue, in close proximity to dozens of high-end retail shops, restaurants and hotels along Miracle Mile and within walking distance.
The Building 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. Flexible floor plates measure 7,720 square feet and can accommodate full-floor tenants or smaller private suites. Additionally, with a commitment to the environment and overall sustainability, The Building was designed and built to achieve LEED certification awarded by the U.S. Green Building Council.
Approximately 11,300 square feet of office space is available on floors two and four, including 700 square feet of retail space on the first floor.
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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