Ultra Music Festival meets ‘The Office’ at Building Managers event – South Florida Business JournalThe Miami Heat’s Mario Chalmers wasn’t there, but that didn’t stop the Building…
Taylor & Mathis has finalized two deals comprising 32,000 square feet of lease renewals at Espirito Santo Plaza. The renewals place the sculptural glass tower on Brickell Avenue at 95 percent leased.
International law firm, Weil, Gotshal & Manges LLP, the second-largest tenant in the building, renewed its lease for 24,381 square feet in a seven-year deal. The Taylor & Mathis’ Miami leasing team of Brian Gale, Andrew Trench and Ryan Holtzman, exclusive leasing agents for Espirito Santo Plaza handled the lease, working directly with Weil. The New York-based law firm has been a tenant at Espirito Santo Plaza since 2001.
“As one of the original tenants of the building and one of the most recognizable names in the legal industry, it was only natural for us to work with them to extend their lease term at Espirito Santo Plaza, “said Taylor & Mathis’ Andrew Trench. “Espirito Santo Plaza is a magnificent property recognized both as a signature among the Miami skyline and as the Miami headquarters of such a prominent law firm.”
Legg Mason Global Asset Management renewed their lease of 7,780 square feet for an additional five years. The lease was co-brokered by Alan Kleber & Matt Cheezem of CRESA. Legg Mason is one of the largest asset management firms in the world, serving institutional and individual investors on six continents. For more information, visit http://www.leggmason.com.
Less than 5 percent of the office space remains available at the mixed-use property that also includes the Conrad Miami hotel and 10 floors of luxury condominiums.
Espirito Santo Plaza is a 36-story mixed-use glass tower with an attached 12-story parking garage and 260,000 square feet of Class A office space. The Conrad Miami — Hilton Hotel’s luxury brand — features 203 guest rooms, a ballroom and meeting facilities and specialty retail/restaurant space. The top floors of the property consist of a fully equipped health club and 116 luxury condominium residences overlooking the soaring 11 story atrium.
Located on a full city block fronting at 1395 Brickell Avenue, in the heart of Miami’s international financial market, Espirito Santo Plaza’s main tower designed by KPF welcomes visitors with a dramatic 36 story concave figural arc symbolizing the gateway to Latin America. http://espiritosantoplaza.com/
It presents an unprecedented opportunity for all size tenants to occupy space in one of the most exciting and rapidly growing areas of the Miami-Dade office market, said Brian Gale of Taylor & Mathis, the exclusive leasing agent.
– A multimillion dollar renovation is in the works at 9250 Doral as owner Delma Properties prepares to bring the former single tenant office building to the multi-tenant leasing market. With the largest single block of available office space in the Doral area, the 187,000 square-foot office building is being repositioned as a multi-tenant office building.
Brian Gale served as a panelist (market experts) – 2013 Leasing projections for South Florida at the BOMA 02/17/13 luncheon – Held at the Mandarin Oriental Hotel in Downtown Miami.
Taylor & Mathis of Florida has garnered seven TOBY (The Office Building of the Year) awards from the Miami-Dade chapter of the Building Owners and Managers Association (BOMA). The organization held its 25th annual award program January 11th at The Biltmore in Coral Gables. “We are so proud of our exceptional staff. Their commitment to the T&M Family and unified efforts of achieving excellence was noted by the judges as exceptional and rarely seen in our industry. This was the determining factor in their decision to name Taylor & Mathis as the Management Company of the Year. ” stated T&M Director of Operations, Marlene Diaz.
Among the seven awards received by Taylor & Mathis are
• Property Management Company of the Year
• Peter Romero, Senior Property Manager-Waterford at Blue Lagoon -Principal Member of the Year
• Milly Pinero -Assistant Property Manager of the Year/ 5+years
Building of the Year Awards:
• 550 Biltmore, Coral Gables – Renovated. Renovations for which the award was received included lobby renovations as well as mechanical and HVAC systems.
• 6100/6303 Waterford -Suburban Office Low Rise
• 6505 Waterford – Corporate Facility
• 355 Alhambra, Coral Gables – 100,000 to 249,999 Square Foot Building
The TOBY Awards are the most prestigious and comprehensive programs of their kind in the commercial real estate industry recognizing quality in office buildings and rewarding excellence in office building management. During the competition, all facets of a building’s operations are thoroughly evaluated. Buildings are judged on everything from community involvement and site management to environmental and “green” policies and procedures.
These BOMA awards come on the heels of Taylor & Mathis of Florida’s Tampa office garnering two Best of the Best Awards from the Tampa Bay Chapter of the National Association of Industrial and Office Properties (NAIOP). Taylor & Mathis earned Best Developer honors for a second time for their role in the development of MetWest International on behalf of owner MetLife while the development was named Best Mixed-Use Project. NAIOP is a leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate.
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.
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.
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:
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.
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.”