West Palm Office Tower Trades For $55 Million
The property totals roughly 221,700 square feet and includes a four-story parking garage with 669 spaces. About 20 percent of the office space is currently available for lease.
The property totals roughly 221,700 square feet and includes a four-story parking garage with 669 spaces. About 20 percent of the office space is currently available for lease.
The financing was provided by City National Bank of Florida.
The lease coincides with another major move in the area: City National Bank of Florida recently signed a 144,878-square-foot lease to relocate its headquarters within Coral Gables, marking the largest office lease in South Florida since 2023.
The bank plans to grow its workforce by 20% over the next year and a half, and the new location will help consolidate its staff currently spread across Downtown Miami, the Brickell Financial District, and its Coral Gables office.
Located at Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 square feet of Class A office space and 32,000 square feet of prime ground-floor retail. The building is more than 90% leased.
The property could be worth at least $12.1 million. CLICK ON THE HEADLINE FOR MORE
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
