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Knotel, Inc. Leases Office Space At Ofizzina In Coral Gables

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LEASED
$47

Florida

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Office23,700 SF
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LEASED

Knotel, Inc. Leases Office Space At Ofizzina In Coral Gables

1200 Ponce De Leon Boulevard

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Office23,700 SF
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$47
Total Square Footage:23,700 SF
Transaction Type:Lease

An office space located at 1200 Ponce de Leon Boulevard in Coral Gables has been leased by Knotel, Inc. The property, known as Ofizzina, offers 23,700 square feet of space. The transaction was facilitated by Gordon Messinger of CBRE, representing the landlord Black Salmon, and Clay Sidner of Newmark, representing the tenant.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 1200 Ponce de Leon Boulevard, Coral Gables
  • Market: Coral Gables

Gordon Messinger from CBRE acted as the landlord's representative, while Clay Sidner from Newmark represented Knotel, Inc. in the lease agreement for Ofizzina. The asking rent for the office space was $47 per square foot.

Players

Gordon Messinger
33 deals$164M volume
BROKER

Clay Sidner
Newmark
13 deals$144.5M volume
BROKER

Knotel
BROKERAGE


Knotel
TENANT

Details

LEASED
IMAGE: Gordon Messinger & Clay Sidner DATE: 08/10/2022 ADDRESS: Ofizzina - 1200 Ponce de Leon Boulevard MARKET: Coral Gables ASSET TYPE: Office LANDLORD: Black Salmon TENANT: Knotel, Inc. LANDLORD'S REP: Gordon Messinger - CBRE TENANT'S REP: Clay Sidner - Newmark ASKING RENT: $47/ft. ~ SF: 23,700

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Deal Type
Effective Rent (Annual)

$1,276,961.52

Total Lease Value

$12,769,615.17

Net Landlord Cash Flow$1,276,961.52