Key Takeaways
- • JLL Capital Markets arranged a $24.7 million refinancing for 2000 Ponce, a 109,745-square-foot luxury boutique office building in Coral Gables, Florida, with a five-year loan term provided by Crestline Investors.
- • Westside Capital Group, a private equity firm founded by Jakub Hejl managing over $4 billion in active projects, acquired and repositioned the eight-story property in 2022 with modernization improvements targeting high-caliber tenants in the Coral Gables submarket.
- • The property features 49,044 square feet of net leasable office and retail space, a 105-space parking garage, and is anchored by ground-floor tenant Bachour Marketplace (Michelin-awarded Chef Antonio Bachour's 9,832-square-foot bakery), alongside D'Cassa (high-end Italian kitchen showroom) and Zativa Life Health and Wellness Spa.
- • 2000 Ponce benefits from strategic location advantages: two blocks from Giralda Avenue's restaurant district, four blocks from Miracle Mile, 15 minutes north of Brickell/Downtown Miami, and 10 minutes east of Miami International Airport.
- • The refinancing underscores sustained institutional capital demand for premium boutique office assets in South Florida's commercial real estate market, according to JLL's Capital Markets Debt Advisory team.
Summary
JLL Capital Markets completed a $24.7 million refinancing for 2000 Ponce, a luxury boutique office property located in Coral Gables, Florida. The transaction, announced on March 17, 2026, was structured as a five-year loan and provided by Crestline Investors. The financing was arranged on behalf of Westside Capital Group, a private equity sponsor founded and led by Jakub Hejl, whose portfolio encompasses over $4 billion in active projects.
The 109,745-square-foot property is an eight-story office building with 49,044 square feet of net leasable area encompassing both office and ground-floor retail components, complemented by a 105-space parking garage. Westside Capital Group acquired the asset in 2022 and undertook a comprehensive repositioning strategy designed to attract institutional-quality tenants. Capital improvements included modernization of the lobby, leasing expansion, and amenity enhancements. The building currently serves as headquarters for Westside Capital Group and the Hejl Foundation, alongside several Westside portfolio companies.
The tenant roster reflects the property's upscale positioning. Ground-floor retail is anchored by Bachour Marketplace, a 9,832-square-foot bakery concept founded by Michelin-awarded Chef Antonio Bachour. Additional tenants include D'Cassa, a high-end Italian kitchen showroom, and Zativa Life Health and Wellness Spa. The property's location in central Coral Gables provides proximity to key commercial nodes: two blocks to Giralda Avenue's restaurant district, four blocks to Miracle Mile, approximately 15 minutes north of Brickell/Downtown Miami, and 10 minutes east of Miami International Airport. The surrounding submarket is characterized by concentrations of financial services firms, professional practices, and corporate headquarters.
JLL's Capital Markets Debt Advisory team, led by Jesse Wright, Matt McCormack, Joshua Odessky, and Patrick Salata, managed the transaction. Wright stated that the refinancing "demonstrates strong capital markets demand for high-end boutique office product across South Florida," signaling continued institutional appetite for premium office assets in the region's commercial real estate market.
The 109,745-square-foot property is an eight-story office building with 49,044 square feet of net leasable area encompassing both office and ground-floor retail components, complemented by a 105-space parking garage. Westside Capital Group acquired the asset in 2022 and undertook a comprehensive repositioning strategy designed to attract institutional-quality tenants. Capital improvements included modernization of the lobby, leasing expansion, and amenity enhancements. The building currently serves as headquarters for Westside Capital Group and the Hejl Foundation, alongside several Westside portfolio companies.
The tenant roster reflects the property's upscale positioning. Ground-floor retail is anchored by Bachour Marketplace, a 9,832-square-foot bakery concept founded by Michelin-awarded Chef Antonio Bachour. Additional tenants include D'Cassa, a high-end Italian kitchen showroom, and Zativa Life Health and Wellness Spa. The property's location in central Coral Gables provides proximity to key commercial nodes: two blocks to Giralda Avenue's restaurant district, four blocks to Miracle Mile, approximately 15 minutes north of Brickell/Downtown Miami, and 10 minutes east of Miami International Airport. The surrounding submarket is characterized by concentrations of financial services firms, professional practices, and corporate headquarters.
JLL's Capital Markets Debt Advisory team, led by Jesse Wright, Matt McCormack, Joshua Odessky, and Patrick Salata, managed the transaction. Wright stated that the refinancing "demonstrates strong capital markets demand for high-end boutique office product across South Florida," signaling continued institutional appetite for premium office assets in the region's commercial real estate market.
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