Renewals & Expansions Drive Leasing Success at 355 Alhambra

66,104 Square Feet Leased

355

Taylor & Mathis of Florida has renewed and/or expanded 53,853 square feet of leases at 355 Alhambra, a landmark office building in Coral Gables. An additional 12,251 square feet was leased to Bank of America in a new deal.

The award-winning 355 Alhambra, last 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 Taylor & Mathis of Florida.  The Taylor & Mathis’ Miami leasing team of Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza brokered the deals on behalf of the owner.

 

Recent deals totaling 66,104 square feet include:

  • Merrill Lynch Pierce, Fenner & Smith, Inc. – Extension – 28,844 RSF – Co-brokered by Javier Osuna of Lincoln Harris
  • Bank of America, N.A. – 12,251 RSF – New – Co-brokered by Javier Osuna of Lincoln Harris
  • Marquis Bank – 12,231 SF Renewal & Expansion (4,803 RSF – Expansion – 7,428 RSF – Renewal) – Co-brokered by Barbara Liberatore Black of Cresa
  • RBB Public Relations, LLC – 6,564 RSF – Renewal – Co-brokered by Adriana J. Rosillo of Flagler Real Estate Services
  • Genesis Investment Advisors LLC. – 5,371 RSF – Renewal – Co-brokered by David Steinfeld of JLL
  • Catalyst Pharmaceutical Partners, Inc. – 843 RSF – Expansion – Co-brokered by Matthew Cheezem of Cresa

Located at the center of the Coral Gables business district, this landmark, 16-story, 224,000-square-foot Class A office building is home to nationally-known tenants such as Merrill Lynch, Chase Bank, and Kraft Foods.  The building is GOLD LEED certified. For more information visit www.355alhambra.com.

About AEW Capital Management, L.P.

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $33 billion of capital invested in $47 billion of property and securities in North America, Europe and Asia (as of December 31, 2011). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Singapore and Hong Kong, as well as additional offices in nine European cities. For more information please visit www.aew.com.

 

For further information please contact:

Brian Gale, Taylor & Mathis

(305) 476-8880

bgale@taylormathis.com

 

 

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