Union Plaza

Union Plaza Building, located at 416 Ponce de León Avenue in Hato Rey’s financial district, is a 17-story Class B office tower with 157,135 square feet of net rentable area (2024 BOMA standards) and an average floor plate of 8,918 square feet. The property includes a 75,756-square-foot multy-story parking garage with 452 spaces, offering a parking ratio of 2.88 spaces per 1,000 square feet. Currently 75% occupied, there is approximately 38,739 square feet of available space for rent, presenting leasing and value-add opportunities if the buyer decides to expand existing leasing operations. However, Union Plaza is Zoned C-3 Commercial and located in Flood Zone X (low risk), expanding opportunities for a wide variety of redevelopments. The building also features reinforced concrete construction, central air-conditioning, wet-system sprinklers, and emergency power generators.