Westside Closes on Loan for 110K-SF Coral Gables Office Building

Westside Capital Group refinanced 2000 Ponce, a newly modernized, boutique office building in downtown Coral Gables, Florida.

Crestline Investors provided a $24.7 million, five-year loan. JLL’s Capital Markets team, led by Jesse Wright, Matt McCormack, Joshua Odessky and Patrick Salata, arranged the financing on behalf of Westside Capital Group. The new loan replaces a $20 million loan provided by Amerant Bank in 2024. The property was 100% leased at the time of closing.  

2000 Ponce is an 8-story, 109,745-square-foot office property with a net leasable area of 49,044 square feet, including office and ground floor retail space and a 105-space parking garage. The building is home to Westside Capital Group, Hejl Foundation and other Westside portfolio companies. Westside acquired the property in 2022 and repositioned it to appeal to high-caliber tenants drawn to the Coral Gables submarket. Improvements included modernizing the lobby and leasing up office spaces, adding amenities, and more. 

The post Westside Closes on Loan for 110K-SF Coral Gables Office Building appeared first on Connect CRE.

​