Westside Capital Group Secures $24.7M Loan To Recapitalize Coral Gables Boutique Office Building

Westside Capital Group, a private equity real estate firm founded and led by Jakub Hejl, announced the refinancing of 2000 Ponce, a newly modernized, boutique office building in downtown Coral Gables.

Crestline Investors provided a $24.7 million, five-year loan. JLL’s Capital Markets team, led by Jesse Wright, Matt McCormack, Joshua Odessky and Patrick Salata, arranged the financing on behalf of Westside Capital Group.

The new loan replaces a $20 million loan provided by Amerant Bank in 2024.

The property was 100% leased at the time of closing.

“Westside is pleased to facilitate an early payoff of the existing loan and recapitalize 2000 Ponce with a valued capital markets partner and repeat lender, Crestline Investors,” said Jeff Levin, Managing Principal and Head of Capital Markets for Westside. “Our ability to move quickly and decisively on this recapitalization reflects the strength of Westside’s balance sheet and underscores the depth of our capital markets relationships.”

Coral Gables, recently labeled as the most expensive residential neighborhood in America by media outlets including Bloomberg, New York Post and others, is one of Miami’s premier office submarkets, with rising rents sustained by a wave of corporate relocations, expansions, and consolidations. Landlords who invested in their properties are being rewarded. Well-positioned, amenitized assets in this market are commanding a meaningful rent premium as Coral Gables’ unique mix of walkability, business density and accessibility to residential neighborhoods keeps attracting high-caliber tenants.

2000 Ponce is an 8-story, 109,745-square-foot office property with net leasable area of 49,044 square feet including office and ground floor retail space and a 105-space parking garage. The building is home to Westside Capital Group, Hejl Foundation and other Westside portfolio companies. Westside acquired the property in 2022 and repositioned it to appeal to high-caliber tenants drawn to the Coral Gables submarket. Improvements included modernizing the lobby and leasing up office spaces, adding amenities, and more.

2000 Ponce is centrally located just two blocks from Giralda Avenue’s restaurant district and four blocks from Miracle Mile. Current tenants include Bachour Marketplace, a bakery established by Michelin-awarded Chef Antonio Bachour, which occupies the 9,832-square-foot ground-floor retail space; D’Cassa, a high-end Italian kitchen showroom; and Zativa Life Health and Wellness Spa.

The property is surrounded by numerous financial services, professional practices and corporate headquarters, and benefits from its location about 15 minutes north of Brickell/Downtown Miami and 10 minutes east of Miami International Airport.