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New Ownership and Leasing Team bring 2990 Ponce to 95% leased

Colliers Florida represented the landlord, BEA Equities and Gildenson Real Estate, in negotiating multiple lease transactions over the past three months

CORAL GABLES, FL, August 31, 2022 – BEA Equities and Gildenson Real Estate purchased 2990 Ponce in March 2022. The Class A property had languished, showing no leasing activity for three years prior. The real estate investors hired Colliers Senior Managing Director Kevin Gonzalez and Director Jake Freeman, who negotiated six new leases and one renewal, bringing the asset to 95% leased within three months. Among the executed deals totaling more than 45,000 square feet; Renuity, an industry-leading home improvement company, has taken 21,806 square feet, and law firm Heisse Suarez Melville joins the stellar roster at the building with 7,865 square feet. Frozen cocktail bar and restaurant, Fat Tuesday will also be entering the building with 4,705 square feet, and private real estate investment and development firm, Mas Investment Group, has renewed its lease for 6,165 square feet.

 

“As Coral Gables evolves into one of Miami’s most desirable urban neighborhoods, this was an excellent opportunity to reactivate a unique office building with high-quality space that offers companies the environment to elevate their brand and presence,” said Gonzalez.

 

Managed by AJP Ventures, 2990 Ponce is a modern, six-story Class A office building in the heart of the Coral Gables business district. The contemporary property features a rooftop lounge and terrace with panoramic views of Coral Gables while surrounded by lush landscaping featuring a glass pavilion for casual and professional meetings. The boutique building offers excellent proximity to high-end retail, restaurants, and hotels. 

 

“We saw an opportunity to reposition 2990 Ponce in the marketplace as Coral Gables continues to see an influx of tenants seeking an amenitized atmosphere in a central location,” said Benjamin Assa Cojab of BEA Equities.

 

Gildenson Real Estate is a full-service brokerage and property management firm based in Dallas, Texas, for residential and commercial properties. President Eduardo Gildenson founded the firm in 2018 to specialize in helping people buy, sell, or lease any real estate in the Dallas-Fort Worth area. 

 

The recovery of the Coral Gables office market is gaining momentum in 2022 as vacancy rates drop to 13.1% in the second quarter, down by 30 basis points year-over-year. The affluent submarket is desirable to professional services such as Bermello Ajamil & Partners and Kimley-Horn, who also signed new leases this year for 24,000 square feet and 23,600 square feet, respectively. 


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Kevin Gonzalez

Senior Managing Director

Miami

Kevin Gonzalez is part of Colliers’ dominant South Florida Brokerage team – eleven passionate, driven commercial real estate (CRE) advisors offering expertise in agency representation services for institutional and privatelyheld office properties. With more than a decade of experience in the commercial real estate industry.

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Jake Freeman

Director

Miami

Jake Freeman is part of Colliers’ dominant South Florida Brokerage team – eleven passionate, driven commercial real estate (CRE) advisors offering expertise in agency representation services for institutional and privately-held office properties. Team Kingsley-Rutchik is data driven, strategic and focused on financial analytics to ensure our clients are equipped to make the best real estate decisions for their stakeholders. Prior to joining Colliers, Jake was Senior Associate with CBRE’s Agency Team, providing leasing advisory services for a three million square foot portfolio of institutionally and privately-owned office properties. Before becoming a commercial real estate broker, Jake was Regional Director at Northern Trust, where he specialized in financial planning for high net worth individuals and families.

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