Leasing Activity at MetWest International Continues to Gain Momentum

ASPire Expands by 11,416 Sq Ft, Marcus & Millichap, Stifel and Nationwide Ventures, LLC to Relocate to MetWest

Leasing activity at MetWest International, MetLife’s mixed-use development located in Tampa’s Westshore Business District, continues to gain momentum with over 57,000 square feet of leases in the third and fourth quarter of 2012.  Taylor & Mathis Managing Director of Leasing Angela Odell completed five leasing transactions on behalf of owner MetLife.  These recent transactions combined bring One MetroCenter and MetWest One to 85% and 88% leased respectively.  The third office building, MetWest Two, is 100% leased as a build-to-suit for PricewaterhouseCoopers LLP.

Some of the recent leasing transactions include:

At One MetroCenter

Less than two years after moving to One MetroCenter ASPire Financial Services, an interactive web Application Service Provider (ASP) agency for the retirement plan industry, has doubled their office space leasing an additional 11,416 square feet.  The firm now leases 21,679 square feet.  KC Tenukas and Lara Sieder of CLW Real Estate Services Group represented ASPire in the negotiations.  http://www.aspirefinserv.com/

Stifel, Nicolaus & Company has leased 2,046 square feet.  The brokerage and investment banking firm will relocate to One MetroCenter in January. The deal was co-brokered by Jay Stewart (Chicago) and Lisa Coulter (Tampa) of Cushman & Wakefield.  www.stifel.com

Nationwide Ventures, LLC, a search engine marketing agency, moved to One MetroCenter in October signing a lease for 1,691 square feet.  The deal was co-brokered by Jeff Lanning of Cushman & Wakefield.

www.nation-wideventures.com

At MetWest One

Marcus & Millichap has signed a new lease for 8,828 square feet.  The commercial real estate investment services firm will relocate their offices from Rocky Point to MetWest International in February. The deal was co-brokered by Brent Miller with Jones Lang LaSalle.  According to Miller, Marcus & Millichap decided to relocate from their current location of over 15 years based not only on a superior location, but more importantly the quality of the office park and the proximity to amenities within and surrounding the MetWest development. Marcus & Millichap in their 60+ offices throughout the country leases top tier office spaces in an attempt to attract and retain top tier professionals. Jones Lang LaSalle and Marcus & Millichap’s corporate real estate executives thoroughly surveyed the entire Tampa market and kept coming back to MetWest.  http://www.marcusmillichap.com

About MetWest International

MetWest International is an award winning, mixed-use center developed by MetLife. Located across from Tampa International Airport and International Plaza in the Westshore Business District, MetWest International includes One MetroCenter, the Gold LEED Certified MetWest One and MetWest Two.  A third office building will be started as demand dictates.  Two well known restaurants, Kona Grill and Texas de Brazil, have located their first Tampa locations in the project’s retail village with a third Cooper’s Hawk Winery & Restaurant scheduled to open early next year.  When complete, the pedestrian-friendly, urban-oriented development and is expected to include:

  • Nearly one million square feet of Class A office space
  • 74,200 square foot retail village
  • 260 room full-service upscale hotel
  • 254 residential units

The project has received four Best of the Best NAIOP awards, including Outstanding Green Building/Project,OutstandingOfficeBuilding(MetWest One) and Outstanding Retail Building. Additionally, Taylor & Mathis was awarded Developer of the Year for their role in developing the mixed-use project. Taylor & Mathis serves as the development manager for the project and handles office leasing and management responsibilities.

Other awards include The United States Green Building Council’s (USGBC) Florida Gulf Coast Chapter Outstanding Project of the Year (MetWest One), The Greater Tampa Bay chapter of the Building Owners and Managers Association (BOMA)OfficeBuildingof the Year and the BOMA 360 Performance Building designation (One MetroCenter). Both MetWest One and One MetroCenter have achieved EPA Energy Star ratings. In addition, MetWest Two has been designed for LEED Certification by the US Green Building Council.

 

TAYLOR & MATHIS OF FLORIDA SUCCESSFUL IN LEASING UP 1101 BRICKELL

Miami, FL — When Taylor & Mathis of Florida was selected to assume leasing responsibilities at the iconic 1101 Brickell in January of 2010 the project was 30% occupied.  Since taking over the leasing assignment, commercial brokerage team Taylor & Mathis has completed over 30 deals totaling 140,000 square feet with a total value of over $50 million.  These deals have taken building occupancy from 30% to 84% with proposals out on the majority of vacant spaces. The leasing team includes:  Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza.

The two iconic office towers totaling 251,000 square feet are located at the heart of Miami’s signature Brickell Avenue“We have seen a flurry of leasing activity within the past year,” said Taylor & Mathis broker Brian Gale.  “Not many buildings on Brickell Avenue have seen this much positive absorption in such a short period of time.”

The new ownership group, Florida East Coast Realty (FECR), is finalizing a $12 million, top-to-bottom renovation.  “We plan to significantly invest in the beautification and renovation of 1101 Brickell to improve conditions for our current tenants and to continue to attract businesses interested in an attractive office building in a prime location on Brickell Avenue,” Jerome Hollo, Executive Vice President of Florida East Coast Realty, said in a statement.  “In this environment, you need an owner who is willing to roll up their sleeves, get down and dirty and cut deals,” said Ryan Holtzman.  According to the Taylor & Mathis leasing team, tenant-rep brokers have responded exceptionally well to the renovations and are touring new groups almost every day. The buildings are now 84% occupied and we have proposals out on the majority of our remaining vacant spaces”, said leasing agent Andrew Trench.

Two of the year’s most notable deals included the 62,000 square foot lease with Florida International University and a 14,000 square foot lease with Pipeline.

1101 Brickell’s largest tenant, Florida International University, signed a ten year deal for over 60,000 square feet in North and South towers.  A 32,000 SF lease expansion was recently signed adding to the 30,000 square foot lease they signed in 2011. Ryan Holtzman, a former Graduate of FIU’s Downtown MBA program, said “This is a big step for the University.  Since 1101 is located in the middle of Brickell Avenue, students can walk to their Brickell campus from their condos, or take the metro-mover from Downtown Miami.  Young professionals are living, working and playing more on Brickell more than ever before.” John Marshall, Alan Kleber and Matthew Cheezam of Cresa Partners represented FIU in the transaction.

Pipeline — a new shared workspace concept used by a diverse community of entrepreneurs, startups, independent professionals, and small teams — has opened its first location in Miami leasing a full floor totaling 14,000 square feet.  Shay Pope, senior managing director at Newmark Grubb Knight Frank represented Pipeline in the transaction.

“We are excited to have Pipeline as our newest tenant at 1101 Brickell,” said Jerome Hollo, vice president at Florida East Coast Realty, owner of the office property, and Miami DDA board member. “This unique shared workspace concept is an excellent addition not only to our office complex, but to the entire neighborhood, and further solidifies 1101 Brickell as one of the most prominent office addresses on Brickell Avenue.”

http://www.1101brickell.com

 

Brian Gale Talks With Business Radio Talk Show Host Jim Fried

Brian Gale – Principal Taylor & Mathis discusses the South Florida Office Market with radio talk show host Jim Fried. –Brian is T&M’s senior leasing representative and broker in Florida. Over the last three years, Brian has overseen the signing of deals totaling over 925,000 square feet with a value of over $160 million. He has done three of the eight largest office leases ever in Miami’s Brickell/Downtown submarket totaling almost 300,000 square feet. In 2002 and 2007, Brian was named “Broker of the Year” by BOMA Greater Miami. From 2004-2009, Brian was listed as the Number 1 “Power Broker” for South Florida by CoStar based upon the number of signed leases and total square footage leased.  

http://www.friedonbusiness.com/episodes/2012/12/01/episode-190-florida-real-commercial-real-estate-update-and-hearing-loss-in-the-workplace/ 

Foley & Lardner Signs Early Renewal & Expansion at One Biscayne Tower

Foley & Lardner LLP, one of Miami’s most prominent law firms has signed One Biscayne Tower’s largest lease this year. One Biscayne Tower is located in downtown Miami. Brian Gale, principal with Taylor & Mathis of Florida negotiated the 36,531 square foot lease transaction on behalf of building owner L&B Institutional Fund.

This lease constitutes an early renewal of 25,480 square feet plus an 11,051 square foot expansion. Broker Scott Strickland of Jones Lang LaSalle represented Foley in the 10 year, $15 million transaction.

“Foley & Lardner is a well-respected, national law firm and we are thrilled with their continued expansion in Miami and specifically at One Biscayne Tower,” states Gale. “This deal brings the building occupancy to 86%.”

About Foley & Lardner LLP
With approximately 900 attorneys in 21 offices, Foley & Lardner LLP provides award-winning business and legal insight to clients across the country and around the world. Their team-based approach, innovative technology, and focus on value and client service are continually recognized by clients and the legal industry. In a recent survey* of Fortune 1000 corporate counsel, Foley received a top five ranking out of more than 300 firms for delivering exceptional client service. In addition, Foley received 19 national first-tier rankings on the 2011 – 2012 U.S. News – Best Lawyers® “Best Law Firms” list, and CIO magazine recognized Foley for technological innovation that enhances business value by naming the firm to its prestigious CIO-100 list in 2011.

About Taylor & Mathis
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 11 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 and Sunrise, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States.

TAYLOR & MATHIS WINS BEST DEVELOPER FOR METWEST INTERNATIONAL

MetWest International, MetLife’s 32-acre, mixed-use development, garnered two Best of the Best Awards this month from the Tampa Bay Chapter of the National Association of Industrial and Office Properties (NAIOP), the Commercial Real Estate Development Association.

The development was named Best Mixed-Use Project while Taylor & Mathis earned Best Developer honors for a second time for their role in the project’s development. Taylor & Mathis handles office leasing, marketing and management responsibilities on behalf of MetLife.

“A key part of MetLife’s real estate investment strategy includes acquiring, retaining and maximizing the value of high-quality real estate assets in top-tier domestic and international markets, and MetWest International is a prime example,” said Chuck Davis, regional director of MetLife’s Tampa real estate investment office. “It has been extremely satisfying to see our plans for one of MetLife’s flagship developments come to fruition. MetLife has been active in the Tampa Bay real estate market for over 50 years and greatly values this recognition by our peers at NAIOP Tampa Bay.”

“We are honored to serve as the development manager for such a high-quality, well-planned mixed-use development,” stated Taylor & Mathis Managing Partner, Hank Brenner.  “There really is nothing else like it in Tampa’s Westshore Business District.”

These most recent awards represent the fifth and sixth Best of the Best NAIOP Awards for MetWest International since it opened in 2009.  MetWest One was awarded Outstanding Green Building/Project in 2010 and Outstanding Office Building in 2009 while the retail portion of the development was recognized as Outstanding Retail/Building Project in 2010. Developer Taylor & Mathis of Florida LLC also received Developer of the Year honors in 2009.  NAIOP is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate.

About MetWest International

MetWest International is an award winning, mixed-use center developed by MetLife. Located across from Tampa International Airport and International Plaza in the Westshore Business District, MetWest International includes One MetroCenter, the Gold LEED Certified MetWest One and MetWest Two.  A third office building will be started as demand dictates.  Two well known restaurants, Kona Grill and Texas de Brazil, have located their first Tampa locations in the project’s retail village with a third Cooper’s Hawk Winery & Restaurant scheduled to open early next year.  When complete, the pedestrian-friendly, urban-oriented development is anticipated to include:

  • Nearly one million square feet of Class A office space
  • 74,200 square foot retail village
  • 260 room full-service upscale hotel
  • 254 residential units

Other awards include The United States Green Building Council’s (USGBC) Florida Gulf Coast Chapter Outstanding Project of the Year (MetWest One), The Greater Tampa Bay chapter of the Building Owners and Managers Association (BOMA) Office Building of the Year and the BOMA 360 Performance Building designation (One MetroCenter). Both MetWest One and One MetroCenter have achieved EPA Energy Star ratings. In addition, MetWest Two has been designed for LEED Certification by the US Green Building Council.

About MetLife

Through its real estate investments department, MetLife oversees a well diversified real estate investment portfolio of more than $60 billion, which is one of the largest in the U.S. and consists of real estate equities, commercial mortgages and agricultural mortgages. MetLife is a global leader in real estate investment and real estate asset management, with a vast network of regional offices that keep in close contact with the major real estate markets. MetLife’s real estate investment focus includes office, multi-family, industrial and retail properties. For more information, visit www.metlife.com/realestate.

About Taylor & Mathis

Taylor & Mathis serves as the development manager for the project and handles leasing and management responsibilities.  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 11 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 Tampaand Miami, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States. For more information, visit www.TaylorMathis.com.

For Further Information:

www.metwestinternational.com

TAYLOR & MATHIS OF FLORIDA TO HOST 6TH ANNUAL WATERFORD 5K RACE THIS FRIDAY

Taylor & Mathis of Florida will host the Waterford 5K Race this Friday, November 9th.  The race is held at the Waterford at Blue Lagoon Corporate Park in Miami where Taylor & Mathis leases and manages eight office buildings on behalf of owners MetLife and DRA Advisors.

Taylor & Mathis Senior Property Manager, Peter Romero began the event 6 years ago as part of a tenant relations program.  In that time it has grown to include 2000 participants with over $120,000 donated to charity.   While geared towards tenants within the park, the race attracts participants from all over.  This year’s event beneficiary is Miami Children’s Hospital.

“There is good reason everyone loves this race. It’s well organized in a beautiful location with the absolute best post race party on the racing circuit, according to Romero. “For 2012, DJ Irie is the official DJ!  We’ll even have a Family Fun Zone with these really cool mega-inflatables for adults and kids. I haven’t seen this before at other races. Don’t miss it!” Kohl’s will be distributing FREE bicycle helmets to all kids while supplies last! There will be tons of free sampling from selected vendors showcasing healthy lifestyle products. A $5000 Breitling Watch will be won by either top Male or Female Runner! The Award Winning Marching Band, West Broward High Performance Ensemble will be performing along the picturesque course.  After crossing the finish line, everyone is encouraged to stick around, celebrate, and enjoy the post-5k party.

The Waterford 5K promotes running and walking as a means to a fit, healthy lifestyle. The race promotes health and fun & donates 100% of its proceeds to charity. The Race takes place at the pristine Waterford at Blue Lagoon Corporate Park – a favorite spot for runners looking to run on well maintained grounds overlooking beautiful lakes, fountains and landscapes.

This is an event for runners and walkers of all abilities. The event boosts individual and corporate morale. Beginners can “ease into exercise” with friends, and carry with them the desire to continue walking and running to improve overall health. Competitive runners have the opportunity to shine amongst their co-workers and perhaps lead a corporate team to victory.

The event has become known as much for the after party as the race. This year’s after party will be EPIC! Infinity productions will provide pre-event music, special lighting and dancers to get everyone in the spirit! World renowned DJ Irie, will get the party started at 8:30pm.

  1. 6th annual event has grown to almost 2000 race participants. Many friends and family members will also be in attendance to cheer the participants on.
  2. FedEx is the title sponsor and all proceeds will go to Miami Children’s Hospital.
  3. The race will have donated over $120,000 to charity, to date.
  4. Major sponsors include: MetLife, TIAA-CREF, Breitling, Club Med, L’Oreal, Waste Management, FIU Online, Diageo, and DRA Advisors.
  5. Kohl’s will be giving out free bike helmets to all kids at the event.
  6. The Event features a Kids Zone featuring giant inflatable rides.
  7. World-renowned DJ Irie is the official DJ and will start the post race party at 8:30pm.
  8. The Miami Marlins will bring Billy the Marlins, the Energy Team and will also raffle prizes.
  9. Dry fit tech shirts are provided to the first 1000 race entrants.
  10. The event is produced by TeamFootWorks, producers of the Mercedez Benz Corporate Run Series. The Miami series is now the 6th largest race in the country.