CREC – Florida’s leading, independent, full-service commercial real estate firm – announced today that it has been appointed the exclusive leasing agent for the prominent retail and dining destination of 120 Giralda Avenue. Located in the epicenter of downtown Coral Gables, the property is ideally situated on the newly-renovated streetscape of Giralda Plaza.
Formerly occupied by the Church of Scientology, 120 Giralda Avenue will undergo a complete renovation that includes multi-story spaces and a new rooftop component, totaling 14,534 square feet. Unique to the Coral Gables sub-market, the elevated terrace can be transformed into a lounge area or similar concept. Its ground floor offers 3,000-11,000 square feet of retail space, with the hip, fast-casual eatery of Coyo Taco to be its newest tenant.
“We are excited to lead the leasing efforts for this important Coral Gables property that is contributing to area’s revival as a bustling retail destination,” said CREC President and Co-Founder Carol Greenberg Brooks. “With this addition to our diverse lifestyle retail portfolio, we continue our notable track record of positioning highly-sought retail locales in Florida with our creative approach to curating one-of-a-kind tenant line-ups.”
Giralda Plaza recently underwent a complete revitalization as part of Coral Gables’ multi-million-dollar streetscape project and was converted into a pedestrian-only promenade. The thoroughfare, between Ponce de Leon Boulevard and Galiano Street, is now the area’s “Restaurant Row” and home to established eateries as Talavera Cocinera Mexicana, Local Craft Food & Drink and Threefold Cafe.
“The major redevelopment of Coral Gables’ ‘hottest’ street and the allure of ‘restaurant row’ will quickly draw attention to this building from a wide range of tenants that appreciate the walkable experience that drives high foot traffic,” added Steven Henenfeld, senior vice president and director of leasing.
Henenfeld, along with CREC Vice President of Retail Rafael Romero, will oversee leasing of 120 Giralda Avenue.
CREC is the leading, independent, full-service commercial real estate company in Florida with offices in Miami, Orlando and Jacksonville. Since its founding in 1989, CREC has provided fully-integrated real estate services, including brokerage, leasing, management, tenant representation, receiverships, workouts, as well as debt and equity financing. The company continues to uphold its mission of being “Your Florida Partner” through its commitment to providing clients with unrivaled service and a streamlined approach. Through the years, CREC has built a portfolio of more than 13 million square feet across 100-plus properties throughout Florida. For more information, visit www.crec.com.