Littler Mendelson and Studley to Move to Wells Fargo Center Miami

Miami, FL –– Littler Mendelson, P.C. (Littler), the world’s largest employment and labor law firm, and Studley, a commercial real estate services firm specializing in tenant lease representation,  have signed long term leases for 17,317 and 7,580 square feet, respectively, at Wells Fargo Center in downtown Miami.  Combined, the leases have a value of over $14 million.

“Adding two top notch firms like Littler Mendelson and Studley to the already impressive tenant roster at Wells Fargo Center re-emphasizes the prestige of this trophy asset,” stated Taylor & Mathis’s Brian Gale, who spearheads leasing efforts for owner MetLife. “As one of the top tenant rep firms in Miami, Studley knows the market as well as anyone.  That they chose Wells Fargo Center for their South Florida headquarters speaks volumes about the quality of this prestigious downtown Miami office tower.”

“MetLife is extremely pleased to welcome such high caliber firms as Littler Mendelson and Studley to Wells Fargo Center.  We are committed to a long-term investment in the development and look forward to growing our tenant roster with such high quality firms,” stated Chuck Davis, regional director of MetLife’s Tampa real estate investment office.

 Carter Hopkins of CBRE co-brokered the transaction representing Littler Mendelson, which was recently named “Law Firm of the Year” in Labor Law – Management from U.S. News and Best Lawyers for the second consecutive year.

 Greg Katz of Studley negotiated the lease transaction on behalf of Studley.

Wells Fargo Center is a 750,000 square foot Class A office tower located one city block off Interstate 95 at the Brickell Financial District of Downtown Miami’s Enterprise Zone.  It is  home to some of the most prominent and respected companies in the country, including Wells Fargo Bank; Greenberg, Traurig; Deloitte; and McDermott, Will & Emery.  The office building shares a site with the first of its kind JW Marriott Marquis hotel and the first Hotel Beaux Arts, the new super luxury hotel of Marriott International luxury group. Tenants benefit from the five-star amenities of the hotel, which include dining, conference facilities, an entertainment complex, fitness center, salon and spa and the Jim McLean Golf School.  For more information, visit http://www.wellsfargocentermiami.com

Two New Tenants at One Biscayne Tower Miami

One Biscayne Tower One Biscayne Tower, the 700,000 square foot Class A office tower located in downtown Miami has reached 85% occupancy with the completion of two leases totaling 16,266 square feet, for a value of almost $6 million, announced Taylor & Mathis.   Northwestern Mutual and Peretz Chesal have signed new leases. The transactions were negotiated on behalf of the owner, by the Taylor & Mathis leasing team of Brian Gale, Andrew Trench and Ryan Holtzman.

Northwestern Mutual (http://miami.nmfn.com/) signed an 11.5 year lease for 10,066 square feet, while intellectual property lawyers Peretz Chesal Herrman (www.pch-iplaw.com) signed a 7-year lease for 6,200 square feet. Both tenants are leaving Miami Center for One Biscayne Tower, in the leases co-brokered by Tim Prunka of Prunka Realty Advisors.

“One Biscayne Tower is one of the best values for office space in Downtown Miami.  The location, combined with the incredible views of Biscayne Bay, really appeals to law firms and professional service companies,” said Brian Gale, Taylor & Mathis Principal and Managing Director.  For more information, visit http://www.onebiscaynetower.com

AECOM Leases 7,054 Square Feet at One MetroCenter

AECOM Technology Corporation has signed a lease for 7,054 square feet at One MetroCenter in Tampa’s Westshore Business District. The lease negotiated by Taylor & Mathis Director of Leasing, Angela Odell, brings the office building’s occupancy to 90%.

Strong, stable ownership was a key factor in the firm’s decision to relocate to One MetroCenter.  The Fortune 500 Company is consolidating two existing offices to new offices at One MetroCenter.  The 11-story building is part of MetWest International, a mixed-use development owned by MetLife. The lease was co-brokered by Jack Hoskins of CBRE.

About AECOM

AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended Dec. 31, 2012.

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.  Three well known restaurants, Cooper’s Hawk Winery & Restaurant, Kona Grill and Texas de Brazil, have located their first Tampa locations in the project’s retail village.  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 Secures 32,000 Square Feet of Renewals at Espirito Santo Plaza

Espirito NightThe Signature Office Tower Remains 95% Occupied

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/

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

 

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.