BAC Florida Bank Leases 63,000 SF At The Plaza, Coral Gables With Newmark Knight Frank
LEASED
Florida
See Similar DealsMixed-use63,000 SF
Leased 07/23/2019
LEASED
BAC Florida Bank Leases 63,000 SF At The Plaza, Coral Gables With Newmark Knight Frank
2901 Ponce De Leon BLVD, Miami, FL...
See Similar DealsMixed-use63,000 SF
Leased 07/23/2019
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:63,000 SF
Transaction Type:Lease
The Plaza at Coral Gables, a mixed-use property located at 2901 Ponce De Leon BLVD, Miami, FL, is set to welcome BAC Florida Bank as its anchor tenant in 2022. The property will offer a total of 447,675 square feet of office space across two Class A towers, a 242-room hotel with meeting facilities, 161,000 square feet designated for restaurants, entertainment, and retail, as well as residential townhomes and apartments.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Landlord's Representative: Tere Blanca (Blanca Commercial Real Estate)
- Tenant: BAC Florida Bank
- Landlord: Agave Holdings
- Square Feet: 63,000
Representing BAC Florida Bank in the leasing agreement were Patrick Duffy and Clay Sidner from Newmark Knight Frank. The landlord, Agave Holdings, was represented by Tere Blanca, Danet Linares, and Andres Del Corral from Blanca Commercial Real Estate.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,611,121.98
Total Lease Value
$36,111,219.83
Net Landlord Cash Flow$3,611,121.98
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