Taylor & Mathis Brings Phillips Point to 95% Leased- Morgan Stanley & Northern Trust Bank Sign 30,000 & 13,000 SF Renewals

 

Phillips Point 3

West Palm Beach, FL –   Within weeks of signing their largest new lease to date at West Palm Beach’s Phillips Point, Taylor & Mathis has secured 43,000 square feet of renewals at the office property. Morgan Stanley, one of the building’s longest term tenants, signed a 30,000 square foot renewal.  The 12-year, $20 million dollar deal was co-brokered by Chris Constant and Mark Pateman of Cushman & Wakefield.  That deal was quickly followed by a 10-year, 13,000 square foot renewal of Northern Trust Bank.  Early last year, Gunster, one of West Palm Beach’s oldest law firms, signed a long term renewal for over 50,000 square feet at the property. With over 100,000 square feet of leases signed this year, Phillips Point is now at 95% occupancy.

 

“Both of these tenants conducted extensive due diligence during their search for office space before signing leases at Phillips Point,” stated Taylor & Mathis’ Principal, Brian Gale.  “Phillips Point, with its timeless finishes and views unlike any other office building in the market, beat out the shiny new office building being proposed – Related’s Gateway Tower.”

 

Within the last month Taylor & Mathis secured a 40,000 square foot new lease with Akerman Senterfitt.  In July Taylor & Mathis announced the signing of two firms to 25,516 square feet of leases.  Global Capital Econometrix, LLC leased the building’s entire 18th floor of 14,516 square feet and BMO Harris Bank, a tenant at the building since 1997, signed a 10,000 square foot renewal.

 

The location provides seamless access to Palm Beach Island, directly across from the entrance to the Royal Palm Bridge, with Ocean and Intracoastal Waterway views from all sides. The building is home to internationally recognized tenants including, Gunster, Squire Sanders, Goldman Sachs and Greenberg Taurig.  Among the complex’s amenities are banking, valet parking, concierge, Morton’s Steakhouse, The Phillips Point Club (a penthouse level dining club), café and sundry shop, 24-hour manned security and on-site dining.

Taylor & Mathis Picks Up Coral Gables Leasing Assignment

image001Miami, FL –   Demeetree Real Estate Services, Inc., a private investment group out of Orlando, has selected the Miami office of Taylor & Mathis of Florida as exclusive leasing agent for Douglas Centre, a 198,000 square foot office building in Coral Gables.  T&M Managing Director of Leasing John O’Neil will spearhead leasing efforts for the building which is currently 74% occupied.  “We wanted a strong regional firm with extensive local ties to the South Florida market to help us quickly increase building occupancy,” stated Demeetree Managing General Partner Mike Wright.  O’Neil, a broker in the market for over 25 years, has completed 31 deals totaling over 150,000 square feet in the past year.

“Douglas Centre is one of the best office values in Coral Gables,” according to O’Neil.  It is well located with its proximity to Miami International Airport and downtown Miami, while also being convenient to executive housing.  The exclusive retail amenities and shopping along Coral Gables’ fabled Miracle Mile are within walking distance.  Coral Gables is considered one of the premium office markets in South Florida with approximately 18 million square feet of prime office space and is home to the regional headquarters of more than 140 multinational companies.

The 12-story office building at 2600 Douglas Road has an attached 8-story parking garage with visitor parking, an on-site café and Bank of America retail branch.  Upper floors offer expansive city views.  Demeetree purchased the office building late last year and is planning capital and cosmetic improvements to the building.

With the addition of Douglas Centre Taylor & Mathis now handles leasing responsibilities for over a half million square feet of office space in Coral Gables including 355 Alhambra and 550 Biltmore. Taylor & Mathis is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects. In Florida the company leases and/or manages a portfolio over 12 million square feet. Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States. Based in Atlanta, with offices in Miami, Tampa, Orlando and Sunrise, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States. For more information, visit www.TaylorMathis.com or www.taylormathisflorida.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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Taylor & Mathis Signs 2 More Firms to Leases at One Biscayne Tower

One Biscayne Tower - Exterior - Side ShotSedgwick Law Firm & Veritext Legal Solutions to Move to Downtown Office Tower

Miami, FL  – Law Firm Sedgwick LLP and Veritext Legal Solutions will move to One Biscayne Tower in downtown Miami signing leases for 15,000 and 12,000 square feet respectively, announced Taylor & Mathis Leasing Director Ryan Holtzman.  The two, 10-year leases have a combined value of $9 million. Cobroker Catarina Jimenez of Jones Lang LaSalle represented Sedgwick in their office space search with Veritext represented by Ryan Ackerman of CBRE.

“Our new offices at One Biscayne Tower are in the heart of downtown Miami, which has become an international hub for business with Latin America,” said Sedgwick Miami partner Ramón Abadin.  “The space’s location and expansive views of the horizon exemplify our focus on client service to our local, regional, national and international clients who we serve in Florida.”  One Biscayne Tower will be the headquarters for the firm’s Miami office which was established earlier this year to become the firm’s 16th office worldwide and its second in South Florida.  The law firm has an existing office in Ft. Lauderdale.

Also moving to the building is Veritext Legal Solutions, a deposition and litigation support firm. “We have experienced outstanding growth in the South Florida market, and so we needed to upgrade and increase the size of our Miami office,” stated Chief Financial Officer Richard Antoneck. “The facilities at One Biscayne Tower will include state-of-the-art conference rooms and deposition suites, complete with all the enhanced technology and amenities Veritext clients have come to expect and enjoy.” The firm has five South Florida offices.

These two deals are the fourth and fifth significant deals at One Biscayne Tower in recent months. Taylor & Mathis has secured over 63,000 square feet of leasing at the 700,000 square foot Class A office tower this year.  Leases have included Northwestern Mutual (10,066 square feet), Peretz Chesal Herrman (6,200 square feet), Young, Bill, Roumbos & Boles, P.A. (5,000 square feet) and the 15,000 square foot renewal and expansion of Foreman Friedman. The office building which offers incredible views of Biscayne Bay is one of downtown Miami’s best values for office space.  For more information, visit http://www.onebiscaynetower.com

Taylor & Mathis Signs Largest Lease To Date in Downtown West Palm Beach: 40,000 Square Foot Lease at Phillips Point

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West Palm Beach, FL –   In the seven years he’s been the exclusive leasing agent for Phillips Point, Taylor & Mathis’ Principal, Brian Gale says Akerman Senterfitt LLC is the largest prospective tenant he has seen in the downtown West Palm Beach market.  A few weeks ago, Akerman became the largest deal he’s done at the property.  Florida’s largest law firm signed a lease for nearly 40,000 square feet and will move its West Palm Beach office to two and a half floors at Phillips Point in about a year. The 12-year, $25 million deal was co-brokered by Matt Cheezem of CRESA Partners.

Leasing activity has been brisk at the half million square foot office and retail complex, located in the heart of the West Palm Beach central business district. In July Taylor & Mathis announced the signing of two firms to 25,516 square feet of leases.  Global Capital Econometrix, LLC leased the building’s entire 18th floor of 14,516 square feet and BMO Harris Bank, a tenant at the building since 1997, signed a 10,000 square foot renewal.

The location provides seamless access to Palm Beach Island, directly across from the entrance to the Royal Palm Bridge, with Ocean and Intracoastal Waterway views from all sides. The building is home to internationally recognized tenants including, Goldman Sachs, Squire Sanders, Morgan Stanley,Gunster Yoakley and Greenberg Taurig.  Among the complex’s amenities are banking, valet parking, concierge, Morton’s Steakhouse, The Phillips Point Club (a penthouse level dining club), café and sundry shop, 24-hour manned security and on-site dining.

Taylor & Mathis Sees Significant Increase in Leasing Activity at Waterford at Blue Lagoon Properties

 

 wfdOver 74,000 Square Feet Leased Year-to-Date

MIAMI, FL –  Taylor & Mathis of Florida, the exclusive leasing agent for eight office properties within Miami’s Waterford at Blue Lagoon Corporate Park has completed over 74,000 square feet of leasing at the properties this year more than doubling the 30,000 square feet leased in the same time period last year.  The 19 leases were negotiated on behalf of the owners by Jeannette Mendoza of Taylor & Mathis.

 

All eight buildings leased by Taylor & Mathis are on Blue Lagoon Drive within the 250-acre Waterford at Blue Lagoon corporate park. Each of the buildings front S.R. 836 and are directly across from Miami International Airport.  MetLife owns the three Atrium Buildings (6100, 6303 & 6505 Waterford) which recently underwent a million dollar renovation and DRA Advisors owns five buildings – 6161, 6101, 5805, 5775 and 5757 Waterford.

New Leases

Hotel Connections

8,379 square feet at 6100 Waterford.

Co-broker Ryan Ackerman of CBRE

Next Wave Enterprises, LLC

            4,495 square feet at 5757 Waterford.

Co-brokered by Doug Okun of CREC

Gimenez & Carrillo

            4,182 square feet at 5775 Waterford.

Co-broker Rod Castan of Courtelis Company

American Optical Services

            3,364 square feet at 5757 Waterford

Co-broker Tom Farmer of CBRE

American Prime

            2,893 square feet at 5775 Waterford

Caribbean Marketing/Sirenis Hotels

            1,577 square feet at 6303 Waterford.

Co-broker Steven Hurwitz of CREC

Medula Network

            1,140 square feet at 6505 Waterford

Co-broker Alfredo Plat of Gold Rose Realty

Renewals & Expansions

FirstService Residential Florida

            12,443 square feet at 5805 Waterford

Verizon Wireless   

            7,860 square feet at 6161 Waterford

Co-broker Kimberly Azizy of Cushman & Wakefield

Alonso & Garcia    

            3,621 square feet at 5805 Waterford

Co-broker Andrew Easton of Jones Lang LaSalle

Thales USA Inc

            3,375 square feet at 6101 Waterford

Co-broker Andrew Easton of Jones Lang LaSalle

Mary Oliva

            2,811 square feet at 5757 Waterford

Co-broker Andrew Easton of Jones Lang LaSalle

Healthcare 2000, Inc.

            2,228 square feet at 6101 Waterford

Co-broker Ryan Levy of Newmark Grubb Knight Frank

Miguel Del Agiula  

            2,006 square feet at 6161 Waterford

Aktiv Assekuranz  

            1,872 square feet at 6303 Waterford

RAC Insurance

            1,731 square feet at 6161 Waterford

Amsurg

            1,670 square feet at 6303 Waterford

Co-broker Mark Milisits of Investment Realty Management

Planned Parenthood

            1,555 square feet at 5775 Waterford