Hermès of Paris has signed an office lease for its perfume division in downtown Coral Gables.
Hermès leased nearly 2,900 square feet at 2020 Ponce, where it will
house its Latin American office, Avison Young announced on Monday. The
brokerage’s principal Donna Abood arranged the lease for the high-end
French retailer along with Skyline Realty International.
Florida East Coast Realty developed and owns the mixed-use tower,
which includes ground floor retail and seven floors of office space.
About 20,000 square feet in the 130,000-square-foot building are
available to buy or lease, according to a press release.
Tenants include Avison Young – Florida, AMC Networks Latin America,
Providence Companies, Peebles Corporation, as well as Florida Community
Bank, Total Bank, Coral Gables Vein Specialists, and Elite Body
Sculpting on the ground floor.
FECR first opened the office and retail building
in 2009 with for-sale office space, but later shifted to leasing. The
company announced last year that it would begin selling office and
retail space again, citing demand from Latin Americans that
traditionally buy the spaces they occupy.
Hermès opened its flagship store
in the Miami’s Design District at the end of last year. The
three-story, 13,000-square-foot boutique at 163 Northeast 39th Street
represents one of the French brand’s largest stores in the country. – Katherine Kallergis
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