T&M Broward Team Keeping Tenants at Sawgrass International Corporate Park

Sawgrass Plaza38,000 square feet of thanks to eFunds, the largest tenant to renew their lease at Sawgrass International Corporate Park in Sunrise, FL this year. The T&M Broward leasing team of Donna Korn and Jennifer Gemma along with co-broker Zachary Wendelin of JLL secured the 38,000 square foot renewal. Year-to-date renewals have topped 56,500 square feet at the M-M Properties’ four building Sawgrass Centre office portfolio. Bureau Veritas and All Risks, LTD renewed their leases earlier this year.

The focus now centers on leasing the portfolio’s remaining 7% of available space including a full floor of 24,000 square feet.  “With the limited supply of new and existing Class A office space in the Sawgrass market, it’s getting harder and harder for companies to find large contiguous amounts of space,” said Joel McCarty Senior Vice President of M-M Properties. The portfolio’s centralized location with access to both the Fort-Lauderdale-Hollywood and Miami International airports make it an ideal location for corporate headquarters and regional offices.

Lisa Capozzi, Donna Korn & Jennifer Gemma
Lisa Capozzi, Donna Korn & Jennifer Gemma

Andrew & Brian Snag Largest Office Deal in Doral

9250 DoralUnivision Leases 40,000 SF at 9250 Doral – Largest New Office Deal in Miami’s Airport West/Doral Market

Univision, an American Spanish language broadcast television network, has signed the largest new office lease this year in the Airport West/Doral market.  The firm leased 40,000 square feet at 9250 Doral. The 12-year, $14 million deal was brokered by Brian Gale and Andrew Trench of Taylor & Mathis representing the owner Delma and co-brokers Mitchell Millowitz and Lance Benson of Newmark Grubb Knight Frank representing Univision.  Univision, who owns and fully occupies a building right across the street, is expanding their offices to 9250 Doral.

Just two years ago 9250 Doral, an outdated 1980s office building was completely vacant.  Taylor & Mathis of Florida has successfully overseen the building’s turnaround filling 88% of the office space in four deals valued at $33 million, since the building’s conversion and multi-million dollar renovation. In that time 145,000 square feet of leases have been completed with Univision; Prestige Health Choice leasing 50,000 square feet; West Coast University 45,000 square feet; and Tracfone 10,000 square feet. 

The former single tenant building recently underwent a multimillion dollar renovation by owner Delma Properties to convert the property to a multi-tenant office building.  The quality of the new interior finishes makes it feel like a brand new building.  It has great ceiling height and an excellent window line.  Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant.  Delma Properties took the Class B building and gave it a modern, Class A renovation. “Tenants are getting a great value,” said Gale. “They love the modern renovation, the Doral location and the building’s large 50,000 square foot floor plates.”

The building’s unique design incorporating three pods with near-360 views, offers multiple tenants the ability to occupy “corner” offices. It offers 50,000 square-foot floor plates in an easy-access location, just minutes from Florida’s Turnpike on Doral’s main east-west throughway. The views of the iconic Doral Golf Resort and Spa just across the street are unparalleled. Located just a mile from Doral’s mixed-use city center, it is ideally positioned for business owners who appreciate the live-work concept. With the views of Doral golf course and the City Center just a mile away, the building is uniquely positioned to take advantage of the best of Doral. It is right in the middle of everything.  The 9250 Doral building, located at 9250 N.W. 36th Street, comprises 187,000 square feet of space with floor-to-ceiling views and reflective glass exterior.

 

We Love to See Our Tenants Grow!

355Congratulations to two of our 355 Alhambra tenants on their growth.  The Navigators Group, Inc and Catalyst Pharmaceuticals have doubled the size of their offices at the Coral Gables landmark building.

The Navigators Group, Inc. an international specialty insurance holding company recently signed a 7,500 square foot renewal & expansion. Navigators has offices in the United States, the United Kingdom and Continental Europe, as well as representative offices in China and Brazil.  Thanks to co-brokers Scott Goldstein & Keith Edelman of Avison Young for bring the deal to the building.

Catalyst Pharmaceuticals, a biopharmaceutical company focused on developing and commercializing innovative therapies for people with rare debilitating diseases, signed a 5,300 square foot renewal and expansion.  Thanks to Matt Cheezem & Will Morrison of CRESA who represented Catalyst in the deal.

The award-winning 355 Alhambra, this year’s BOMA Regional Office Building of the Year, has a historically high retention rate with renewals & expansions driving its recent leasing success.  Owned by AEW Capital Management (AEW) it is leased and managed by the Taylor & Mathis’ Miami leasing team of Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza. “We have some incredible leasing opportunities at the building,” said Gale.  “The entire 14th floor is available for lease. We can accommodate deals as small as 1,200 square feet up 23,923 square feet.”

355 Alhambra has been named Outstanding Office Building of the Year from 2005 to 2015 by the Building Owners and Managers Association (BOMA) of Miami-Dade, and in 2013/2015 by the BOMA Southern Region. 355 Alhambra located in downtown Coral Gables received LEED Silver Recertification earlier this year.

Nature Conservancy Relocates to Maitland’s Park Center

park-center-02The conservation organization has leased 10,648 square feet and will relocate 50 employees from its current location in Altamonte Springs to Park Center, a four-story, 102,169-square-foot Class A office building in Maitland Center Office Park. Damien Madsen head of our Orlando office represented the landlord, Park Center SPE LLC, an affiliate of Miami-based Banyan Holdings in the transaction.

Park Center’s Maitland location offered the Nature Conservancy a more central and economical space for its employees. “As a nonprofit organization, it’s important to keep expenses down,” said Cushman & Wakefield Director Anne Spencer who represented the Nature Conservancy.“This move will help Nature Conservancy accomplish that by reducing their rent and creating a more efficient space.”

The relocation decision highlights the fact that Orlando’s office market continues to perform well. Cushman & Wakefield research shows that the overall Orlando-area market saw a heightened level of activity in the second quarter, with “tenants, already in the market and those that are new to the market, kicking tires and gauging space opportunities throughout the area,” said the brokerage firm’s Chris Owen Florida research manager.

http://www.bizjournals.com/orlando/morning_call/2015/09/nature-conservancy-relocates-to-maitland-center.html

 

One Biscayne Tower Views Drive 75,000+ SF of Renewals & Expansions

One Biscayne Tower - Exterior - Side ShotLaw firm renewals & expansions are driving recent leasing activity at One Biscayne Tower, a building that has seen over 100,000 square feet of leasing this year.  Three law firms have signed renewals and expansions totaling nearly 55,000 square feet with an additional 21,000 square foot renewal & expansion signed by French container transportation and shipping company CMA CGM.  Brian Gale and Ryan Holtzman of Taylor & Mathis brokered the four deals valued at $42 million, on behalf of the building owner.

The largest of these transactions is the 10 year renewal by statewide law firm, Broad & Cassel. The firm renewed their lease of 26,000 square feet on the 21st floor.  Even though many buildings tried courting them, their views from One Biscayne Tower couldn’t be beat.  The deal was co-brokered by Richard Linevsky of NAI Miami.

“Broad & Cassel was one of the first new tenants we brought to the building over 10 years ago,” said Taylor & Mathis Principal Brian Gale.  “We were hired to lease One Biscayne Tower as new buildings were being built which were poaching tenants from existing buildings. When we first signed Broad & Cassel it really helped solidify the building’s image, which turned around the leasing momentum. From there we signed several more law firm leases. Ten years later, we are renewing those same tenants. These renewals are testaments to the quality of the building, its ownership and of course those panoramic and unobstructed views of Biscayne Bay.”

One Biscayne View-2x11

 

The views were also key in securing the CMA CGM renewal and expansion. The world’s third largest container company has space overlooking the Port of Miami. “They can actually see their cargo ships, with their products and crates from their offices,” said Gale. With an expansion of 7,000 square feet, the firm now leases 21,000 square feet at One Biscayne Tower. The deal was co-brokered by Chris Coots and Didier Choukroun of Flagler Investment Property Group.

Jackson Lewis, one of the country’s preeminent workplace law firms, signed a 22,800 square foot renewal and expansion. The deal includes a 4,300 square foot expansion to their 18,500 square foot offices on the 35th floor. The deal was co-brokered by Chris Coots of Flagler Investment Property Group.

The law firm of Pathman Lewis, LLP renewed their lease of 10,200 square feet. The deal was co-brokered by Barbara Liberatore and Matt Cheezem of CRESA.

Earlier this year Synergy Workspaces entered the Miami market leasing 26,144 square feet, a full floor, at the building.

“One Biscayne Tower has strong Ownership, efficient floor plates with terrific window line and incredible views” said Taylor & Mathis Leasing Director Ryan Holtzman.  “With Bayfront Park located directory to the east, One Biscayne has endless ocean views that will never be obstructed. Our tenants love the fact that they are within walking distance to some of the best restaurants and hotels in the City in the fastest growing area in Miami.”

One Biscayne Tower underwent renovations to the common areas last year with the vacant spaces and tenant corridors getting all new build outs with new common area finishes and lighting.  “It looks like the interior of a brand new building,” stated Brian Gale, Taylor & Mathis Principal. One Biscayne Tower also received Gold LEED certification in 2014. During the LEED Gold certification process more than 83,000 square feet in lease transactions were completed.  Tenants include FTI Consulting, Inc., Northwestern Mutual, Sedgwick, LLP, Harvard Maintenance, Grass Roots America, Veritext, LLC, Foreman Friedman, ADD Inc., Young Bill Roumbus & Boles, PA, Flagler Investment, Marcus Neiman & Rashbaum, CellMark Pulp & Paper.

One Biscayne Tower is centered in the heart of Miami’s dynamic business district and is within walking distance of courthouses, hotels, restaurants, high-end retailers and overlooks beautiful Biscayne Bay and Bayfront Park. The building has won five Office Building of the Year (TOBY) Awards from the Building Owners & Managers Association (BOMA). For more information, visit www.onebiscaynetower.com

Lisa Ross Snags 60,000 SF of Leases at Tampa Distribution Center

New SignageTwo Firms Open/Expand Offices In Tampa Leasing 60,000 Square Feet At Tampa Distribution Center

Courier Express headquartered in Atlanta, Georgia has relocated and expanded their Tampa facility leasing 45,000 square feet at Tampa Distribution Center.  The new lease quadruples the size of their Tampa facility.  Taylor & Mathis Managing Director of Leasing, Lisa Ross represented the landlord in the transaction with Courier Express represented by John Peteet with Focal Tenant, LLC and Mike Rapp with Mohr Partners.

In the last five years, Courier Express has more than doubled their Florida regional staff and increased their roster of independent contractors from 61 to 165. They have added new locations in Tampa and Gainesville while significantly expanding warehouse facilities in Pompano Beach. Courier Express has a presence in 45 states with its heaviest focus in the Southeast.

The company which has three divisions – freight delivery, warehousing and courier services – has carved out market niches in transporting medical specimens, office products, auto parts and more.

Mass Movement, Inc., a commercial fitness equipment logistics company, has opened its sixth distribution center and first in Florida in Tampa. Headquartered in Foxboro, Massachusetts the company leased 15,000 square feet in Tampa at Tampa Distribution Center.  The deal was brokered by Taylor & Mathis Managing Director of Leasing, Lisa Ross representing the landlord and Thomas Grandoff of JLL representing the tenant.

Mass Movement, Inc. is a national leader providing services for the assembly, delivery and installation of commercial fitness equipment. They have over 18 years of experience, delivering over two million pieces of equipment to more than 3,500 complete fitness centers throughout the United States, Canada and Mexico. Clients include the largest purchasers and manufacturers of commercial fitness equipment in the U.S.

Tampa Distribution Center, a 955,000 square foot industrial park featuring CSX Railroad service, is located in East Tampa on North U.S. 41 just north of S.R. 60 with immediate access to I-4 and the Lee Roy Selmon Expressway. The park is seven miles from Tampa International Airport and four miles from the Port of Tampa.

29,000 SF of Deals at MetWest International

Congratulations to Director of Leasing Angela Odell with 29,209 square feet of deals at Tampa’s MetWest International. Special thanks to our co-brokers Jon, Caleb,& Ken!

metwest broker eblast header

 

MetWest One

Jon Slater of Savills Studley 
for Greystar   17,033 Square Feet – Expansion & Extension

and

Caleb Lewis of Bishop & Associates 
for Mercer Advisors   1,442 Square Feet – New Deal

One MetroCenter
Ken Lane of Avison Young 
For Brightline CPAs  10,734  Square Feet – New Deal

Synergy Workspaces Opens First Location at One Biscayne Tower

image001Synergy Workspaces, a new, upscale premier business center, is coming to downtown Miami leasing the entire 32nd floor (26,144 square feet) at One Biscayne Tower on Biscayne Blvd. The first of several Synergy Workspaces planned for South Florida celebrated its grand opening April 30th. The newly formed company is owned and operated by the Grant family who has been operating business centers in New York since 1998.

The transaction, a 14 year deal valued over $13.5 million, was negotiated on behalf of the building owner by Brian Gale and Ryan Holtzman of Taylor & Mathis.  The deal was co-brokered by Carlos Rosero of Green Point Partners who will lead the Synergy sales team.

“We are very enthusiastic about entering the Miami shared workspace market and servicing our members with the tools they need to succeed. We are very impressed with the growth of the Miami commercial real estate market and look forward to participating in the success of this great city.” Ron Grant.

Synergy provides companies, including startups, with the space, infrastructure, and support staff they need to operate their businesses with very little startup costs. The business center boasts 6 conference rooms with state of the art technology, a shared reception area, a dining café, and expansive common areas for members to collaborate. The center also offers over 100 furnished private suites with modern office finishes. The private suites are offered in many different sizes and configurations to meet the needs and the budgets of businesses of any size. They support a variety of industries including financial, legal and technology industry among others. Their clients will include national and international firms, which require local satellite offices, companies whom require short-term space, startups, and many others. The center also offers an uninterrupted power source to ensure that computer systems that should not go down won’t go down, in the event of any interruption of power. The space features panoramic and unobstructed views of Biscayne Bay as well as Brickell, Miami Beach, and the rest of the Miami Skyline.  www.synergyworkspaces.com

One Biscayne Tower underwent renovations to the common areas last year with the vacant spaces and tenant corridors getting all new build outs with new common area finishes and lighting.  “It looks like brand new space,” stated Brian Gale, Taylor & Mathis Principal and Managing Director. One Biscayne Tower also received Gold LEED certification in 2014. During the LEED Gold certification process more than 83,000 square feet in lease transactions were completed.  Tenants include FTI Consulting, Inc., Northwestern Mutual, Sedgwick, LLP, Harvard Maintenance, Grass Roots America, Veritext, LLC, Foreman Friedman, ADD Inc., Young Bill Roumbus & Boles, PA, Flagler Investment, Marcus Neiman & Rashbaum, CellMark Pulp & Paper.