Grover Corlew Completes $47.5 Million Refi Of Palmetto Central Campus In Boca Raton
The financing was provided by City National Bank of Florida.
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
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