Lisa Tenn and John Lonardo of ComReal Miami-Coral Gables recently leased retail space to Hannah Kristin, a nail and eyebrow salon at Ponce Plaza.
The 968 sq. ft. space located at 1516-1526 Ponce de Leon Boulevard in Coral Gables is valued at $155,145.30 on the base rent over the five-year lease term–$30 per sq. ft base rent with $12 in estimated expenses.
The tenant was represented by Lisa Lajes Rosen from Berkshire Hathaway HomeServices EWM Realty. “My client is introducing an amazing new product from Europe and the location provides great exposure,” Rosen Said.
The brand Hannah Kristin represents the first franchise salon with a new super high quality, proprietary nail polish imported from Europe. All products will be exclusive to the salon.
“Ponce Plaza is a neighborhood plaza with six retail bays fronting on Ponce de Leon and 2 retail bays fronting on Mendoza Avenue,” Tenn says, adding that the building is nearing completion of a major renovation to include a new roof, new HVAC systems, new ADA compliant restrooms, new impact resistant windows and doors, new electrical, new plumbing, data drops, illuminated signage connections above the storefronts, new fire alarm system connected to the Coral Gables fire department and new smoke detectors.
For more information on the market or other buildings in our inventory, contact ComReal today. We are always happy to hear from you.