240 Crandon

What 240 Crandon does

240 Crandon is a privately held commercial real estate and property management company that operates a single, recently renovated office building at 240 Crandon Blvd on Key Biscayne, Florida (United States). The company was established through the 2015 acquisition of the building, after which the property underwent a full refurbishment to deliver approximately 45,000 square feet of rentable office space marketed as Key Biscayne's most recently renovated office building. The property is managed by a small on-site team led by Office Manager Paola Lopez and offers shared amenities including common reception, conference rooms, and a tenant-facing online work order system covering maintenance categories such as HVAC, plumbing, electrical, access cards, and special cleaning.

The building's product surface consists of dedicated office suites leased directly to tenants, a conference room reservation system that lets occupiers downsize their own dedicated footprint, and a digital work order portal. Infrastructure consists of the physical asset plus a bilingual (English/Spanish) marketing website and basic tenant self-service pages; there is no proprietary software, mobile app, API, or AI/ML capability disclosed.

Revenue is generated almost entirely through subscription-style recurring commercial lease payments on the office suites, with no pricing, revenue figures, or contract terms disclosed. The tenant base comprises more than 30 small and mid-sized professional practices and businesses across medical, dental, legal, financial services, insurance, import/export, digital marketing, and nonprofit verticals — including PVG Insurance, Crabtree & Auslander P.A., Illustradent Key Biscayne, Family First KB, Baptist Health Express Care, Key Biscayne Pediatrics Group, Polga Medical Group, Key Biscayne Physical Therapy, Key Biscayne Psychiatry, Financial Soundings, Gourmet Selections, and the Key Biscayne Community Foundation. GTM is sales-led, direct leasing from the on-site management office, with the building's prominent location on Crandon Blvd and proximity to Miami's Financial District serving as the primary demand-generation channel.

Name

240 Crandon

Legal name

240 Crandon

Website

https://240crandon.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

240 Crandon is a privately-held commercial property management company operating a refurbished ~45,000 sq ft office building on Key Biscayne's Main Street, leasing dedicated suites to SMBs and professional practices in medical, legal, financial, and related fields.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Office Leasing

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Rental and Leasing Services (532), Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industry

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

Keywords

• Commercial office leasing
• Office space rental
• Commercial real estate
• Professional office suites
• Flexible office space

Headquarters

HQ city

Key Biscayne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Office Space Rental: Revenue generated through leasing approximately 45,000 square feet of rentable office space to tenants including medical practices, law firms, financial services, and other professional businesses. Tenants sign lease agreements for dedicated suites within the building.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

240 Crandon leases approximately 45,000 square feet of rentable commercial office space in a recently renovated building on Key Biscayne's Crandon Boulevard, targeting professionals, entrepreneurs, startups, and small business teams. The offering includes dedicated office suites of various sizes, shared common reception, shared conference rooms, professional onsite management and maintenance, and a tenant work order system for facility service requests. Tenants sign lease agreements directly with the property for use of these facilities.

Product overview

240 Crandon is a commercial office building property offering a unified property management experience. The core offering consists of commercial office spaces for rent (approximately 45,000 sq ft) complemented by shared conference room facilities and a tenant work order system for maintenance requests. The property is designed for professionals, entrepreneurs, startups, independent professionals, and small business teams, providing common reception and conference areas to reduce tenant overhead.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Office Space Leasing Rental of dedicated office suites within 240 Crandon's approximately 45,000-square-foot renovated commercial building on Key Biscayne's Crandon Boulevard, targeting professionals, entrepreneurs, startups, and small business teams. Tenants sign lease agreements for individual suites sized to their needs and gain access to common reception and conference rooms to reduce overhead.
• Conference Room Reservation Online reservation system for shared conference rooms available to tenants of 240 Crandon, enabling companies to host client or team meetings without leasing dedicated meeting space and reducing their overall office footprint.
• Facility Maintenance and Work Order Services Onsite building maintenance and management services provided to tenants, including trash removal, AC repair, lighting, plumbing, electrical work, access cards, special cleaning, and other facility requests, coordinated via an online work order submission system.

Named customers13 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• CBRE Group: World's largest commercial real estate services firm with property management, leasing, and facilities services for office buildings. Comparable to 240 Crandon in core office property management activity, but operates globally across thousands of properties rather than a single asset.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with dedicated office property management practice. Comparable as a broader incumbent providing facility management, tenant services coordination, and office leasing—similar functions to 240 Crandon's onsite management and work order system.
• Regus / IWG (HQ Global Workplaces): Global flexible office space operator with locations worldwide. Compares to 240 Crandon as a large-scale incumbent offering shared reception, conference rooms, and flexible suites to SMBs and professionals, though IWG operates a much broader portfolio across geographies while 240 Crandon is a single island building.
• Equity Office Properties (Blackstone): Major office REIT owned by Blackstone managing large office portfolios in major US markets. Comparable to 240 Crandon as a Class A office property owner/operator with recurring lease revenue from professional tenants, though at vastly larger scale across multiple cities.
• Cushman & Wakefield: Global commercial real estate services firm offering property management, leasing, and facilities services for office buildings. Comparable to 240 Crandon in the office property management activity, but operates at massive scale across geographies and asset types.
• WeWork: Major flexible office space provider offering shared amenities including conference rooms and reception to SMB and enterprise tenants. Comparable to 240 Crandon's shared-amenity office model but operates many buildings across major metros rather than a single island asset.

Regional players

• Blanca Commercial Real Estate: South Florida-focused commercial real estate services firm. Compares to 240 Crandon as a regional player operating in the same Miami-area market with office leasing and property management services, though it operates across multiple properties rather than a single owner-operator asset.
• Office Space Miami / Miami Office Center: Miami-focused flexible and traditional office space provider offering suites and shared amenities to SMBs and professionals. Comparable to 240 Crandon's direct competitor set in the broader Miami metro office leasing market, serving similar professional and SMB customers with similar suite-based leasing model.
• Quest Workspaces: Florida-based flexible office space provider with locations in Miami, Fort Lauderdale, and Boca Raton. Directly comparable to 240 Crandon as a Florida-based provider of private offices, shared conference rooms, and reception services to SMBs, professionals, and small teams, though operates across multiple Florida locations rather than a single island building.

Emerging players

• Industrious: Premium flexible workspace provider combining private offices with shared amenities. Compares to 240 Crandon's shared-reception, conference-room, and professional-suite model targeting professionals and small businesses, though Industrious operates across multiple cities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/240crandon
• LinkedInlinkedin.com/company/240-crandon

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 240 Crandon