Architecture Firm Signs 24K SF Office Lease In Coral Gables
As recent trends indicate more professional services tenants opting from traditional office space to ground level retail options, Bermello Ajamil & Partners inked a new 10-year deal for a 24,000-square-foot space on the ground floor at Gables Ponce, a 367-unit luxury residential tower, located at 4585 Ponce de Leon Boulevard in Coral Gables.
“We are looking forward to welcoming Bermello Ajamil & Partners to Gables Ponce. They will be a welcomed addition to the area businesses and our community,” shared Darin Botelho, Vice President, Commercial Real Estate for Gables Urban.
Colliers South Florida’s Executive Managing Director of Retail Services Jonathan Carter and Senior Director Pablo Camposano represented the landlord, Gables Residential (LG CORAL GABLES, LLC, a Florida limited liability company) in negotiating the new lease. Monette Klein-O’Grady and Daniel O’Grady at Prime Sites Inc., represented the tenant, Bermello Ajamil & Partners.
“Bermello Ajamil’s signing on a power corner at Ponce & LeJeune continues a trend of upper echelon architecture and design providers making a statement as to the quality of their services by doing a beautiful buildout in a signature premises,” said Carter.
Bermello Ajamil & Partners is an international multi-disciplinary Architecture and Engineering firm headquartered in Miami providing complete planning, design and construction services in the disciplines of architecture, engineering, planning, interior design and landscape architecture. The firm will occupy the 24,000 square foot ground floor retail space which was formerly occupied by a grocery tenant and more recently used as a furniture showroom. The lease was executed in October 2021, with possession in early 2022 to commence tenant improvements. Bermello Ajamil & Partners is expected to fully occupy the space at the beginning of the second half of 2022.
“We are very pleased to have delivered the adaptive re-use for 24,000 square feet at a very high profile office use to the next generation at 4711 LeJuene Road,” said Prime Sites partners Monette and Daniel O’Grady
A successful mixed-use ecosystem requires multiple factors including residents, workers, visibility, accessibility, walkability and strong foot traffic. The growing trend of mixed-use ground floor office space and retail-to-office conversions boosts the foot traffic for retail centers and provides a diversified, and steady rental revenue stream for landlords with typically longer term commitments. The combination of residential, retail and office components in a mixed-use development creates a synergy of uses that each empower one another.
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