Tibor Hollo reveals 2020 Ponce strategy shift

Miami /
Nov.November 12, 2014 11:15 AM

Tibor Hollo is shifting gears with his 2020 Ponce building in Coral Gables by offering for-sale office and retail space and up to 50 percent developer financing at the property.

Hollo’s Florida East Coast Realty announced Wednesday that it will sell the office and retail space at the luxury Class A building instead of leasing it. The company originally launched the 130,000-square-foot 2020 Ponce as for-sale product in 2009 before changing course and leasing the space instead. It cited demand from Latin American businesses that are used to buying the commercial space they occupy.

“With a very long history in the real estate industry, we understand the importance of modifying our products to meet the market demand,” Hollo said. “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.”

Existing tenants at 2020 Ponce include the Cisneros Group, Elite Body Sculpting, Natural Premium Brands, Peebles Corp. and TotalBank. — Eric Kalis


Related Articles

arrow_forward_ios
7431 Fisher Island Drive (Google Maps, Getty)
Fisher Island unit tops Miami-Dade’s weekly condo sales
Fisher Island unit tops Miami-Dade’s weekly condo sales
1 East Broward Boulevard in Fort Lauderdale and Pacific Coast Capital Partners’ co-founders William Lindsay, Aaron Giovara and Donald Kuemmeler (PCCP, Google Maps)
Lease roundup: West Marine moves HQ to Fort Lauderdale
Lease roundup: West Marine moves HQ to Fort Lauderdale
Rishi Kapoor and Alex Witkoff
“We’re at the teenage years of Miami”: Next gen developers see opportunity
“We’re at the teenage years of Miami”: Next gen developers see opportunity
Nicole Martin and Anthony Lopez with 555 Reinante Avenue (Getty, Jorge Chao/ONE Sotheby's International Realty)
“Real Housewives” star, fiancé drop $22M on waterfront Coral Gables estate
“Real Housewives” star, fiancé drop $22M on waterfront Coral Gables estate
Ofizzina building at 1200 Ponce de Leon Boulevard in Coral Gables and 2525 Ponce de Leon Boulevard in Coral Gables and PGIM Real Estate’s Eric Adler (Google Maps, PGIM)
Lease roundup: Knotel and Becker take space in Coral Gables
Lease roundup: Knotel and Becker take space in Coral Gables
Link Logistics’ Luke Petherbridge with rendering of Port Everglades Distribution Center (Link Logistics, CBRE)
Lease roundup: Link Logistics, Gatsby, Lincoln score tenants
Lease roundup: Link Logistics, Gatsby, Lincoln score tenants
550 Arvida Parkway in Coral Gables, John Ruiz and Benjamin Leon Jr. (Google Maps)
UM booster John Ruiz buys another waterfront home in Gables Estates
UM booster John Ruiz buys another waterfront home in Gables Estates
Greystone's Stephen Rosenberg with 1501 Southwest 37th Avenue (Greystone, Google Maps, Getty)
Lurra Capital drops $43M for apartment complex near Coral Gables
Lurra Capital drops $43M for apartment complex near Coral Gables
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...