Ofizzina office tower announces two long-term lease agreements

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Offizina office tower announces two long-term lease agreementsOfizzina, Coral Gables’ premier Class A office condo tower, recently announced the signing of two long-term lease agreements.

Hidden Lake Asset Management LP, a New York-based investment adviser, will soon occupy a 1,600-square-foot space on the building’s 11th floor. TMP Worldwide, a New York-based global leader in talent acquisition technologies, is now occupying two office spaces, totaling 3,630 square feet on the building’s 10th floor.

Located at 1200 Ponce de Leon Blvd., Ofizzina boasts 97,000 square feet of office space.

Ofizzina is the successful product of a development partnership between TSG, a boutique diversified real estate development and investment company in South Florida, and BF Group, a seasoned acquisitions, planning, construction, and development firm.

Hidden Lake Asset Management LP is opening an office in South Florida, following the recent uptick in companies from the northeast migrating to or building a presence in the Sunshine State.

“We continue to see immense interest from New York-based companies across industries looking to move or establish a base in Miami. The pandemic has further accelerated this trend as business owners seek Class A office space in less dense, suburban markets with urban epicenters, like Coral Gables,” said Camilo Lopez, CEO and managing partner of TSG.

“Hidden Lake Asset Management LP is the latest firm to capitalize on the economic and lifestyle benefits of residing and working in South Florida, and we anticipate additional tenants and buyers to follow.”

Cushman & Wakefield executive managing director Gordon Messinger represented Ofizzina in the transaction.

Relocating from 2990 Ponce de Leon Blvd., TMP sought to increase space as its team and footprint continue to grow throughout the U.S. CBRE first vice president Carol Ellis-Cutler represented Ofizzina in the transaction, while CBRE senior vice president Shay Pope and vice president Will Portfolio represented TMP.

“TMP is a global leader in its field and a company that complements Ofizzina’s tenant mix,” Lopez said. “We continue to see strong demand for modern, Class A office space with the building’s design intended to serve innovative companies, like this one.”

Designed by New York-based design firm MKDA, Ofizzina’s modern interiors and condo-style amenities include a comprehensive fitness center and electric vehicle charging stations. The building’s central location in Coral Gables also provides convenient access to the area’s main thoroughfares, retail, and dining options.

Many businesses are also evaluating operational shifts to remote work, which may further spur interest in developing satellite offices in lower-cost metros, like Miami, for those based in other U.S. markets.

Ofizzina has been recognized for its design and innovation, most recently being awarded “Best Office” by South Florida Business Journal’s 2019 Structure Awards, in addition to drawing immense interest from a variety of businesses as a result of its thoughtful amenity programming. Taking owners and tenants “Beyond Nine to Five,” professionals have access to an on-site valet, fitness center, electric vehicle charging stations, two private rooftop lounges, and a concierge. The building’s rooftop boasts 360 degrees of unobstructed views, with interiors presenting open layouts and collaborative spaces. Ofizzina was designed by acclaimed Corwil Architects to feature a classic Mediterranean façade that fits seamlessly within its surroundings.

South Florida’s office market continues to see strong demand from tenants and buyers, particularly those relocating from outside markets or opening regional offices. In February, Ofizzina completed the $3 million sale of an office space to a real estate investment firm for its corporate headquarters. Ofizzina has select, remaining inventory for sale. Sales are managed by Brown Harris Stevens.

For more information, visit https://ofizzina.com/ or call 305-915-5879.


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