The asset involved is a Class A office space located at 2020 Ponce De Leon Boulevard in Coral Gables, encompassing a total of 10,467 square feet. The property serves as a prime location in a central business district, highlighting its appeal for office use.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 2020 Ponce De Leon Boulevard
• Market: Coral Gables
• Landlord: Jerome Hollo - Florida East Coast Realty
• Tenant: City of Coral Gables
• Brokers: Donna Abood & Peyton Dowd - Savills
• Total Square Feet Leased: 10,467
• Floor Space: 6,870 square feet on the 12th floor and 3,597 square feet on the ground floor

This lease transaction was facilitated by brokers Donna Abood and Peyton Dowd from Savills, marking a significant engagement between Florida East Coast Realty and the City of Coral Gables. The deal emphasizes the increasing need for quality office space within the locality.