Hermès inks lease for Latin American office in Coral Gables

Other tenants include AMC Networks Latin America, Peebles Corp. and Avison Young

TRD MIAMI /
May.May 24, 2016 09:45 AM

Hermès of Paris has signed an office lease for its perfume division in downtown Coral Gables.

Hermès leased nearly 2,900 square feet at 2020 Ponce, where it will house its Latin American office, Avison Young announced on Monday. The brokerage’s principal Donna Abood arranged the lease for the high-end French retailer along with Skyline Realty International.

Florida East Coast Realty developed and owns the mixed-use tower, which includes ground floor retail and seven floors of office space. About 20,000 square feet in the 130,000-square-foot building are available to buy or lease, according to a press release.

Tenants include Avison Young – Florida, AMC Networks Latin America, Providence Companies, Peebles Corporation, as well as Florida Community Bank, Total Bank, Coral Gables Vein Specialists, and Elite Body Sculpting on the ground floor.

FECR first opened the office and retail building in 2009 with for-sale office space, but later shifted to leasing. The company announced last year that it would begin selling office and retail space again, citing demand from Latin Americans that traditionally buy the spaces they occupy.

Hermès opened its flagship store in the Miami’s Design District at the end of last year. The three-story, 13,000-square-foot boutique at 163 Northeast 39th Street represents one of the French brand’s largest stores in the country. – Katherine Kallergis


Related Articles

arrow_forward_ios
From left: Stuart Elliott, Jerome Hollo, Michael Shvo, Laurent Morali and Lissette Calderon

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

1515 Sunset Drive and Facundo Bacardi

Bacardi-owned company sues construction firm for defects and delays at Coral Gables office development

Paseo de la Riviera and Industrious CEO Jamie Hodari  

Industrious to open at Paseo de la Riviera in Coral Gables

999 Ponce and Benjamin H. Silver  

Downtown Coral Gables office building asks $40M

500 Marquesa Drive (Credit: Realtor)

Former hedge funder sells waterfront home in Coral Gables for $8M

The Mile, Robert Given and Troy Ballard

Greystar looks to sell luxury rental building The Mile near Coral Gables

Manny Machado and Chad Carroll with 20 Tahiti Beach Island Road (Credit: Getty Images and Douglas Elliman)

Buyer revealed: Baseball player Manny Machado buys Tahiti Beach Island manse

Chad Carroll with 20 Tahiti Beach Island Road (Credit: Redfin)

Tahiti Beach Island manse sells for half its original ask

arrow_forward_ios