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Apple Leases 45,000 SF Office Space At The Plaza In Miami

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LEASED

Florida

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Office45,000 SF
Leased 04/09/2024
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LEASED

Apple Leases 45,000 SF Office Space At The Plaza In Miami

2901 Ponce De Leon Boulevard

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Office45,000 SF
Leased 04/09/2024
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:45,000 SF
Transaction Type:Lease

The Plaza in Coral Gables, located at 2901 Ponce De Leon Boulevard in Miami, is the newest location where Apple has leased 45,000 square feet of office space. The Plaza, developed by Agave Holdings, includes the Loews Coral Gable Hotel and has become a focal point for tech companies like Apple, Microsoft, and Amazon looking to expand their presence in Miami.

Summary of transaction details:

Apple's decision to lease office space at The Plaza marks its commitment to strengthening its operations in Miami. Jose Antonio Perez Helguera from Agave Holdings facilitated the leasing agreement, while the deal was represented by Tere Blanca of Blanca Commercial Real Estate, showcasing the collaborative efforts of key individuals in the Miami real estate market.

Players

Tere Blanca
20 deals$96.1M volume
BROKER

Details

LEASED
IMAGE: Tere Blanca, Tim Cook & Jose Antonio Perez Helguera DATE: 04/09/2024 ADDRESS: 2901 Ponce De Leon Boulevard MARKET: Miami ASSET TYPE: Office ~ SF: 45,000 LANDLORD: Jose Antonio Perez Helguera - Agave Holdings TENANT: Tim Cook - Apple (@Apple) BROKER: Tere Blanca - Blanca Commercial Real Estate (@BlancaCRE) NOTE: Apple is expanding its Miami presence with a new permanent office, leasing 45,000 square feet at The Plaza in Coral Gables, solidifying its existing footprint. The Plaza, completed in 2022, includes office space and the Loews Coral Gable Hotel, developed by Agave Holdings, amidst a tech trend as Microsoft and Amazon also eye Miami for office expansion.

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Deal Type
Effective Rent (Annual)

$2,579,372.85

Total Lease Value

$25,793,728.45

Net Landlord Cash Flow$2,579,372.85