Tibor Hollo, Chairman & President of Florida East Coast Realty (FECR), has announced that he will be selling office and retail space at 2020 Ponce, the company’s luxury Class A building in prestigious Coral Gables.
Originally launched as a for-sale product in 2009, FECR also has had success leasing space at 2020 Ponce for the past several years. Now, in response to market demands, FECR once again is offering for-sale office and retail space at the property, as well as an exclusive opportunity for up to 50% developer financing.
“With a very long history in the real estate industry, we understand the importance of modifying our products to meet the market demand. We believe that now is the right time, while continuing with our successful leasing program, to offer our luxurious office and retail space at 2020 Ponce for sale once again,” says Hollo.
“We’ve seen significant interest at 2020 Ponce from international businesses, most notably those from Latin America, where it is common to purchase office space, rather than leasing it. That said, we are very pleased to be able to offer this type of product to interested users and investors,” says exclusive leasing agent Donna Abood, Chairman/Founding Partner of Colliers International South Florida.
2020 Ponce contains a total of 130,000 square feet, including ground- level retail, seven stories of office space, and a six-level parking garage.
Current tenants include the Cisneros Group, Natural Premium Brands, Peebles Corporation, and Total Bank.
The tower has a total of approximately 50,000 square feet remaining of customizable office and retail space, which ranges from 500 square feet up to a full floor of 16,500 square feet, available for purchase or lease.
Colliers International South Florida will continue to handle sales and leasing for the property.
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