Brian Gale Sees No Slowdown in Sight

The T&M Florida Miami-Dade Leasing Team Nicole Gamarra, Ryan Holtzman, Jeannette Mendoza, Andrew Trench & Brian Gale
The T&M Florida Miami-Dade Leasing Team
Nicole Gamarra, Ryan Holtzman, Jeannette Mendoza, Andrew Trench & Brian Gale

Taylor & Mathis of Florida Miami-Dade’s leasing team had another stellar leasing year in 2015.  The team, whose leasing portfolio encompasses 4.7 million square feet of office space throughout Miami-Dade as well as the trophy office tower in West Palm Beach (Phillips Point), completed 85 leases in 2015.  The leases totaled over 472,000 square feet and were valued at $138 million.  “The office market is sizzling right now,” said Taylor & Mathis Principal Brian Gale. “Rents are increasing and tenant concessions are dwindling, as space is being absorbed throughout the county. It’s a Landlord’s market. The Airport West market was the hottest of the Miami-Dade submarkets in 2015 and there is no sign of it slowing down.”

The T&M Florida leasing team includes Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza and coordinator, Nicole Gamarra. Throughout the team’s Miami-Dade portfolio in 2015, they leased 220,000 square feet of new leases, 172,000 square feet of renewals and 80,000 square feet of expansions. Most of the tenant expansions have been in the field of professional services, which include law firms, accounting firms, insurance agencies, etc. The greatest activity came from the eight building Waterford at Blue Lagoon portfolio with 167,000 square feet of leases and One Biscayne Tower with over 107,000 square feet of leases. Key lease deals throughout the team’s portfolio included:

  • 57,000 square foot lease at Waterford – Airport East Submarket (healthcare company)
  • Univision’s 40,000 square foot lease at 9250 Doral – Airport West/Doral Submarket
  • National General’s 30,000 square foot least at 6101 Waterford – Airport East Submarket
  • Broad & Cassel’s 26,000 square foot renewal at One Biscayne Tower – Brickell Submarket
  • Jackson Lewis’ 22,800 square foot renewal & expansion at One Biscayne Tower – Brickell Submarket
  • CMA CGM’s 21,000 square foot renewal & expansion at One Biscayne Tower – Brickell Submarket
  • SilverSea Cruises’ 16,300 square foot deal at Wells Fargo Center – Downtown Miami

“The key to making deals in today’s fast paced market is to try and stay ahead of the competition. If you are doing a renewal, you have to start the process early, with some hand holding. Regarding expansions, it’s important not to land lock tenants in their pursuit for additional space and with new leases, well, you have to distinguish your building from the rest and promote the amenities, which separates your building,” said Gale.  2016 is setting up to be a big year for landlord’s to push rents and absorb their vacancies.

Donna & Jennifer Bring Venture Corporate Center to Over 95% Leased

image001Taylor & Mathis of Florida’s Broward leasing team has reported occupancy at Venture Corporate Center is nearing 100%.  Already this year T&M has executed four office leases totaling 8,360 square feet at the three building office park bringing occupancy to over 95 percent.  Donna Korn & Jennifer Gemma brokered the transactions on behalf of owner MetLife. The 254,000 square foot office park contains three office buildings each approximately 84,500 square feet.

WomenCertified, Inc, the leading marketing research firm for women, has relocated its corporate headquarters to 4,000 square feet at Venture Corporate Center.  The firm awards eligible businesses and brands its Women’s Choice Award seal based on national surveys and consumer input.  The Women’s Choice Award is the only award that honors brands that women recommend and serves as a competitive differentiator for businesses. Molly McDonough of Butters Realty & Management co-brokered the deal representing the tenant.

LARM USA, Inc., an international employee relocation company is moving its headquarters to Venture Corporate Center from Pembroke Pines leasing 1,356 square feet. Latin American Relocation Management (LARM) provides total relocation management services for clients and customers moving into, around, and out of the Latin-American and the Caribbean. Luis F. Duarte of EWM International co-brokered the deal representing the tenant.

The American Committee for the Weizmann Institute of Science, Inc. has renewed their lease of 1,640 square feet at Venture Corporate Center. This is the third lease renewal for the Hollywood office of the New York based fundraising group.  Jarred Goodstein of CBRE co-brokered the deal representing the tenant. The American Committee for the Weizmann Institute of Science is a community of dedicated people who share a common vision with the Weizmann Institute in support of our common mission: science for the benefit of humanity. The American Committee partners with individuals, families, foundations, and the business community to develop philanthropic funding for the Institute; educates the American public about the Institute’s research; and represents the Institute’s interests in the U.S.

AEI Consultants, Inc. has renewed their lease of 1,360 square feet. This is the fourth lease renewal at Venture Corporate Center for the environmental and engineering services firm. Mitch Hertz with Cushman & Wakefield of California co-brokered the deal representing the tenant.  The firm specializes in environmental due diligence and engineering, energy consulting, site investigation and remediation, industrial hygiene, and construction management. Founded in 1992, and based in the San Francisco Bay Area with 20 offices across the United States, AEI Consultants has been recognized as one of the nation’s fastest-growing environmental firms.

First Quarter Leasing Exceeds 63,000 SF for Taylor & Mathis Broward Team

image001Taylor & Mathis of Florida’s Broward leasing team has executed 63,673 square feet of leases in the first quarter of 2014. “After years of company downsizing and consolidation, we are seeing significant interest in expansions as well as a move to upgraded office space,” according to T&M Director of Leasing Donna Korn.  “In the first quarter alone we have completed 43,691 square feet of lease expansions and renewals and nearly 20,000 square feet of new deals.”  Last year Taylor & Mathis leased nearly 180,000 square feet of office space throughout their Broward County portfolio.

Donna Korn and Jennifer Gemma of Taylor & Mathis brokered the following office lease transactions in Broward County on behalf of the building landlords including 20,216 and 18,888 square feet leased at MetLife’s Miramar Center and Venture Corporate Center and 24, 569 square feet leased at Brookdale Realty’s Corporate Center in Sawgrass Corporate Park.

·ROW Management, Ltd. will relocate their offices from Miramar to 10,624 square feet at Brookdale Realty’s Corporate Centre I in Sawgrass Corporate Park.  Ryan Nunes and Scott Allen of CBRE co-brokered the deal.  ROW is responsible for sales, marketing, operations and administration of The World, the largest, privately owned residential yacht on earth. “We are extremely pleased with the high level of service provided to us by the Taylor & Mathis team,” said ROW’s President & CEO Tom McAlpin. “They have done a fine job of accommodating our requirements in a professional and timely manner. The building and surrounding area meets our needs and we are looking forward to our move this summer.”

·Lockton Companies, LLC, the world’s largest privately owned insurance brokerage firm, signed a 12,317 square foot renewal at MetLife’s Miramar Centre in Miramar, Florida.  The deal was co-brokered by Alexander Brown and Charlie Barton of CRESA.

·Interim Healthcare, Inc. signed a renewal and expansion of 12,486 square feet for their corporate headquarters at Brookdale Realty’s Corporate Centre III in Sawgrass Corporate Park.  Ryan Rosalsky of Newmark Grubb Knight Frank co-brokered the deal on behalf of the national franchisor of home care, hospice and healthcare staffing companies.

·NV5, Inc. signed a renewal and expansion of 11,776 square feet for their corporate headquarters at MetLife’s Venture Corporate Center in Hollywood, Florida.   The firm nearly doubled the size of their offices with a 7,166 square foot expansion.  NV5 Holdings, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets.

·South Florida Regional Planning Council, a planning and public policy agency, renewed their lease of 7,112 square feet at MetLife’s Venture Corporate Center in Hollywood, Florida.

·Network specialist Ciena Communications, Inc. will relocate from Doral to 6,237 square feet at MetLife’s Miramar Centre in Miramar, Florida.  The deal was co-brokered by Ryan Ackerman of CBRE.

·HSDI Technology, Inc., a human resources consulting and staffing service, signed a 1,662 square foot lease at MetLife’s Miramar Centre in Miramar, Florida.

·Global provider of integrated communications, R.R. Donnelley & Sons Company signed a 1,459 square feet at Brookdale Realty’s Corporate Centre I in Sawgrass Corporate Park.  Ryan Nunes and Scott Allen of CBRE co-brokered the deal.

Taylor & Mathis of Florida Executes Largest New Office Deal in Miami’s Airport West Market in 2013

West Coast University Comes To Florida Leasing 45,000 SF at Newly Renovated 9250 Doral

9250 Doral

Taylor & Mathis of Florida has executed the largest new office deal in Miami’s Airport West Market in 2013, with a 45,000 square foot lease with California-based West Coast University (WCU).   Responding to a growing nursing shortage in Florida, West Coast University, a health sciences university, opened its first Southeast campus in February, at the newly renovated, 9250 Doral.  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. WCU has leased 25% of the building in a transaction valued at $13.5 million.  The deal was brokered by Taylor & Mathis Principal, Brian Gale representing the owner and co-broker, Charlie Carroccio and Scott Allen of CBRE representing West Coast University.

“The metropolitan Miami area has become one of the country’s major health care hubs, and demands on health care providers will only increase as the population continues to grow,” said University President, Dr. Barry T. Ryan. “WCU is pleased to be part of the solution by preparing the highly educated, competent and confident nurses that are increasingly in-demand.”

The building’s large 45,000+ square foot floor plates were instrumental in securing the WCU deal.  WCU leased the second floor and a portion of one of three pods on the third floor. “We are pleased to see Delma’s financial commitment rewarded by snagging the area’s largest office deal,” said Brian Gale of Taylor & Mathis, the exclusive leasing agent. “The quality of the interior finishes makes it feel like a brand new building. ItT&M has great ceiling height and an excellent window line.  9250 Doral sits in one of the most exciting and rapidly growing areas of the Miami-Dade office market.”

Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant.  “The WCU lease confirms our commitment to the asset and in the market,” said Todd Benson, Senior Vice President, Delma Properties. “The heavy capital we have spent renovating the property are starting to come to fruition. It’s always gratifying to be involved in a project that repositions an asset and brings new tenants to the area.”

Delma’s investment included refurbishing the lobby and common areas, as well as exterior work, including upgrades to the entry fountain, pedestrian bridge, façade, parking, signage and landscaping.

The building’s unique design incorporating three pods with near-360 views, offers multiple tenants the ability to occupy “corner” offices. It offers 45,000+ 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, we’re uniquely positioned to take advantage of the best of Doral,” Gale said.  We’re 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. It is the largest block of space available in the Airport West-Doral office market.

About the WCU Miami Campus

The new campus will be the fifth campus location for the 105-year-old regionally accredited university based in Los Angeles, California. Founded in 1909, WCU focuses on health sciences education and will offer a Bachelor of Science in Nursing (BSN) program at the new Miami location. As the demand for nurses escalates in the communities served by the campus, students will be able to earn their BSN in as little as 39 months through a student-centric learning approach.

Located at 9250 NW 36th Street, Doral, FL, the campus is housed in a 5-story glass building featuring views in all directions, exterior breezeways, and easy access to and from local highways. Occupying more than 46,000 square feet, the university provides students with access to 6 classrooms, computer Labs, Internet stations, nursing skills labs, science labs, a student break room adjacent to a large student quad area, student study areas and computer stations within the Library, and a student meeting room. The Miami campus will also feature a 5,000 square foot Simulation Center with high-fidelity simulators.  West Coast University campuses and classroom facilities include courtyards, study nooks and gathering spaces that encourage interaction between students, faculty, and associates.

The classrooms at each campus integrate modern technology, including permanently mounted projectors, projection screens, and interactive whiteboards with the ability to capture, print, and transmit images and text. Areas at the campus designated to support student needs include meeting rooms, food service areas, and computer stations with wireless connectivity. The campus also provides a library with a Master’s Degree-prepared Librarian, along with administrative functions and staff including Admissions, Registrar, Student Services, Career Services and Financial Aid.  www.westcoastuniversity.edu

About Delma Properties, Inc.

Established in 1990 Delma Properties, Inc. is a vertically‐integrated real estate investment, redevelopment, and operating company. Delma’s corporate structure includes acquisitions, asset management, property management and dispositions. Delma has a history of creating significant value for investors by acquiring undervalued properties and repositioning those assets. Delma is headquartered in New York City and has offices in Miami, Florida and Ft. Lauderdale, Florida.  Delma has acquired a diverse portfolio, both in geographical location and in product type, in excess of $500 million including office buildings, multi‐family, condominiums, anchored shopping centers, and hotels. For more information, visit www.delmaproperties.com

Brian Gale Sees No Slowdown in Sight as His Leasing Team Looks Towards Another Record Breaking Year

The Taylor & Mathis of Florida Miami-Dade leasing team had a record breaking year in 2013.  The team whose leasing portfolio encompasses four million square feet of office space throughout Miami-Dade as well as an office tower in West Palm Beach completed over 100 leases last year.  The leases totaled nearly 700,000 square feet and were valued at $165 million.  “The office market is sizzling right now,” said Taylor & Mathis Principal Brian Gale.   “Rents are increasing and tenant concessions are beginning to dwindle. Most of the tenant expansions have been in the field of professional services which include law firms, accounting firms, insurance agencies, etc. The Downtown/Brickell market was the hottest of the Miami-Dade submarkets in 2013 and is showing no sign of slowing down. Rental rates are increasing as is the absorption of vacant spaces.”

Taylor & Mathis leasing team includes Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza. “Throughout our 4 million square foot portfolio, we leased over 322,000 square feet of new leases, 276,000 square feet of renewals and over 92,000 square feet of expansions. We did six leases over 30,000 square feet and two were over 40,000 square feet.   Key lease deals included:

  • Akerman Senterfitt’s 40,000 square foot lease and Morgan Stanley’s 30,000 square foot renewal at Phillips Point in West Palm Beach
  • GrayRobinson’s 35,500 square foot lease at Wells Fargo Center in Downtown Miami
  • Quest Workspaces’ 20,000 square foot lease at 777 Brickell and 37,000 square foot lease at Espirto Santo Plaza in Miami’s Brickell Financial District
  • Weil Gotshal & Manges’ & Fowler White Burnett’s renewals at Espirito Santo Plaza

One of the keys to the leasing team’s success was securing renewals and expansions. Many of our existing tenants were courted heavily by nearly every Brickell and Downtown Miami office building including the new developments.  The key to getting those deals done was our existing relationships and our outstanding management teams,” said Andrew Trench, Taylor & Mathis Leasing Director.  “We were able to negotiate and finalize those renewals relatively smoothly, despite the market aggressively pursuing them.”  Taylor & Mathis was named Property Management Company of the Year at the 2013 Miami-Dade BOMA awards.

The Taylor & Mathis of Florida Miami-Dade Leasing Team

Andrew Trench, Nicole Gamarra, Brian Gale, Jeannette Mendoza & Ryan Holtzman

t&m leasing team

Broward Leasing Team Closes Out 2013 with 3 Deals Totaling 23,571 Square Feet

Taylor & Mathis of Florida’s Broward leasing team led by Donna Korn closed out 2013 with three new deals totaling 23,571 square feet.   Donna Korn and Jennifer Gemma of Taylor & Mathis brokered the following lease transactions on behalf of the landlords.  Taylor & Mathis, the exclusive leasing agent for these properties ended the year with nearly 180,000 square feet of leases throughout their Broward County portfolio.

  • Long term tenant, Amcor Rigid Plastics USA, Inc., signed a 15,706 square foot renewal and expansion at MetLife’s Huntington Centre in Miramar, Florida.  The deal was co-brokered by Elizabeth Santos of Sime Realty Corporation who represented Amcor.  The firm is a leading supplier of consumer-driven rigid plastic packaging for the world’s most popular brands in the food, beverage, pharmaceutical and personal / homecare industries.  For more information visit www.amcor.com
  • PointOne Holdings, a Real Estate Investment Group with offices in Hollywood, FL and Atlanta, GA, leased 2,766 square feet at MetLife’s Venture Corporate Center in Hollywood, FL.   The deal was co-brokered by Adam Starr of Brenner Real Estate Group. PointOne Holdings is an investment and operating platform which presently owns and manages a diversified portfolio of residential, commercial and hospitality assets with a value of more than $150 million.   For more information, visit www.pointoneholdings.com
  • Synechron Inc expanded their offices leasing 5,099 square feet at UBS Realty Investor’s Corporate Centre II in Sawgrass.  Chris Constant & Chris Smith of Cushman & Wakefield of Florida, Inc. co-brokered the deal on behalf of the software company.  For more information visit www.synechron.com

Tampa Industrial Leasing Activity Remains Strong

Our Tampa industrial leasing team – Lisa Ross and Monica Ziff Verville –  continue their momentum in leasing up our industrial portfolio. Special thanks to co-brokers Greg Morgan, Garrett Williams, Jeff Lamm and Rick Narkiewicz!

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Jennifer Patterson Joins Broward County Leasing Team

Jennifer PattersonAs the office market recovery continues, Taylor & Mathis of Florida has augmented their Broward County leasing team with the addition of Jennifer Patterson.  Jennifer will work with Director of Leasing Donna Korn in leasing a 1.1 million square foot office portfolio.

Patterson will leverage her strong financial background and asset management experience in the negotiation of leases for Taylor & Mathis’ institutional clients. “With a strong increase in leasing activity we needed an experienced leasing associate who can hit the ground running,” stated Korn.  “With her asset management and financial background she brings a unique skill set to negotiate and close deals that brings value to our clients.”

The Broward County leasing team portfolio includes:

  • Sawgrass Plaza, International Place I, Corporate Centre I & III, Sunrise on behalf of The Brookdale Group
  • Corporate Centre II, Sunrise on behalf of USB Realty Investors
  • Miramar Centre I & III , Miramar on behalf of MetLife
  • Huntington Centre I & II, Miramar on behalf of MetLife
  • Venture Corporate Center I, II & III, Hollywood on behalf of MetLife

A CPA, Patterson has served as Vice President of Asset Management for New Boston Fund where she negotiated over 300,000 square feet of leases and as Asset Manager with Cushman & Wakefield negotiating over 700,000 square feet of leases.  Her experience includes financial, leasing, operational and capital objectives of office properties throughout the Southeast.

VETERAN ORLANDO COMMERCIAL REAL ESTATE BROKER, DAMIEN MADSEN, PARTNERS WITH TAYLOR & MATHIS OF FLORIDA

Taylor & Mathis of Florida is kicking off the new year by expanding the company’s presence in Florida.  The commercial real estate firm is partnering with veteran Orlando commercial real estate broker, Damien Madsen.  Damien joins Taylor & Mathis of Florida this week as Partner and Senior Managing Director Orlando.

“We were looking to grow our business in Central Florida and Damien’s name is synonymous with Commercial Real Estate in that market,” stated Taylor & Mathis of Florida President Hank Brenner. “I’ve known Damien for over 20 years. We jumped at the chance for the opportunity to partner with someone of his caliber.”

Madsen brings 25 years of development and commercial real estate brokerage experience to Taylor & Mathis. While Madsen has extensive experience in the development of commercial real estate, his area of expertise is in Landlord Representation through the value he provides from his progressive thinking and aggressive negotiating skills.

“I am extremely excited to partner with Taylor & Mathis in Central Florida. The combined experience and relationships we have will allow us to optimize the platform they already have in place and capitalize on the nearly 50 years the company has been in existence. It’s a rare opportunity that will allow us to maximize our skill sets and to build a long term successful partnership,” stated Taylor & Mathis Partner Damien Madsen.

Madsen will office out of 222 W. Maitland Boulevard in Maitland parenthesis (formally the HHCP Architects Building) where he will oversee management and leasing of the property on behalf of Penta Partners.

During his career Madsen served as a Principal with Morrison Commercial Real Estate, Senior Vice President of Harbert Realty Services, Executive Director of Advantis Real Estate Services Company, and Senior Director of Leasing for the Flagler Development Company where he developed and leased one of Florida’s most successful business parks, South Park Center. Madsen has completed nearly 4 million square feet of transactions valued at approximately $800 million.

“With strong presences in Tampa Bay and South Florida, expanding our presence in Central Florida was the next logical move for us,” stated Brenner.  In Florida the company leases and/or manages a portfolio over 11 million square feet.  In Tampa T&M is overseeing the development of a 250,000 build-to-suit for PwC at MetWest International which constituted one of the largest lease deals in 2011 while the Broward County office announced a new 345,000 leasing and management assignment in Broward County in November.  In Miami-Dade the company recently announced its success in leasing 1101 Brickell.  A 60,000 square foot lease with Florida International University helped T&M take the building occupancy from 30% to 84% in under two years with proposals out on the majority of vacant spaces.