Hermès inks lease for Latin American office in Coral Gables

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
Jose Mas with 100 Arvida Parkway and Armando Codina with 70 Casuarina Concourse (MasTec, Game Properties, Codina Partners)
In Coral Gables, Armando Codina sells teardown and Jose Mas buys dev site
In Coral Gables, Armando Codina sells teardown and Jose Mas buys dev site
The six-bedroom Coral Gables house. (Compass / Zignavisual Photography, Del Toro Insurance)
Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
Ubiica’s Alejandro Salazar and Rodrigo Gana with 1533 Sunset Drive. (Google Maps)
Ubiica, Maven buy Coral Gables office building, parking lot for $9M
Ubiica, Maven buy Coral Gables office building, parking lot for $9M
The Collection CEO Ken Gorin and developer Ugo Colombo. (Getty, Spring Engineering)
Ugo Colombo’s The Collection nabs $65M construction loan for second Coral Gables dealership
Ugo Colombo’s The Collection nabs $65M construction loan for second Coral Gables dealership
J. Michael Arrington with the property (Getty, James Irwin / ONE Sotheby’s International Realty)
TechCrunch founder buys waterfront Coral Gables home
TechCrunch founder buys waterfront Coral Gables home
Marc Anthony and 300 Costanera Road (Getty, Mint Studios Miami)
Marc Anthony sells waterfront Coral Gables estate for $22M
Marc Anthony sells waterfront Coral Gables estate for $22M
8325 Cheryl Lane, Miami
Hedge fund executive pays $12M for Coral Gables spec mansion
Hedge fund executive pays $12M for Coral Gables spec mansion
Arnaud Karsenti and 5485 Hammock Drive, Coral Gables (Google Maps)
Arnaud Karsenti sells lakefront Coral Gables home for $9M
Arnaud Karsenti sells lakefront Coral Gables home for $9M
arrow_forward_ios

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

Loading...