Andrew & Brian Snag Largest Office Deal in Doral

9250 DoralUnivision Leases 40,000 SF at 9250 Doral – Largest New Office Deal in Miami’s Airport West/Doral Market

Univision, an American Spanish language broadcast television network, has signed the largest new office lease this year in the Airport West/Doral market.  The firm leased 40,000 square feet at 9250 Doral. The 12-year, $14 million deal was brokered by Brian Gale and Andrew Trench of Taylor & Mathis representing the owner Delma and co-brokers Mitchell Millowitz and Lance Benson of Newmark Grubb Knight Frank representing Univision.  Univision, who owns and fully occupies a building right across the street, is expanding their offices to 9250 Doral.

Just two years ago 9250 Doral, an outdated 1980s office building was completely vacant.  Taylor & Mathis of Florida has successfully overseen the building’s turnaround filling 88% of the office space in four deals valued at $33 million, since the building’s conversion and multi-million dollar renovation. In that time 145,000 square feet of leases have been completed with Univision; Prestige Health Choice leasing 50,000 square feet; West Coast University 45,000 square feet; and Tracfone 10,000 square feet. 

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.  The quality of the new interior finishes makes it feel like a brand new building.  It has great ceiling height and an excellent window line.  Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant.  Delma Properties took the Class B building and gave it a modern, Class A renovation. “Tenants are getting a great value,” said Gale. “They love the modern renovation, the Doral location and the building’s large 50,000 square foot floor plates.”

The building’s unique design incorporating three pods with near-360 views, offers multiple tenants the ability to occupy “corner” offices. It offers 50,000 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, the building is uniquely positioned to take advantage of the best of Doral. It is 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.

 

Prestige Health Choice, LLC Leases 49,324 SF at 9250 Doral

9250 DoralTaylor & Mathis of Florida has filled 56% of the office space at 9250 Doral in three deals valued at $19 million totaling more than 104,000 square feet since the building’s conversion and multi-million dollar renovation.  Prestige Health Choice, LLC has leased 49,324 square feet, over 25% of the building, in a transaction valued at $6 million.  Late last year California-based West Coast University signed a 45,000 square foot lease. The Prestige deal was brokered by Andrew Trench and Brian Gale of Taylor & Mathis representing the owner and co-broker Steve Smith of ComReal representing Prestige.

The building’s large 45,000+ square foot floor plates were instrumental in securing both deals.   “We are very excited to announce a new lease with Prestige Health Choice, an excellent, growing local company,” stated Trench.  “Because this office will be used to meet with several important government officials, clients and partners, Prestige required a high-end property with Class “A” presentation. With the capital that Delma Properties has invested into the renovation of the building, 9250 Doral offered Prestige the exact image they are looking to convey.  This is a great partnership between Landlord and Tenant.”  9250 Doral sits in one of the most exciting and rapidly growing areas of the Miami-Dade office market.

“Securing three large leases immediately following the building’s renovation and conversion confirms our commitment to the asset and in the market,” said Anthony Milelli, Executive Vice President, of Delma Properties.  “We’ve taken a Class B building and given it a Class A renovation. Tenants like Prestige Health and West Coast University are getting a great value.”

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.  The quality of the new interior finishes makes it feel like a brand new building.  It has great ceiling height and an excellent window line.  Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant.

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.

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

9250 Doral Recapitalized, Undergoing Full Renovation

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.

Doral office undertakes $7M renovationA former 187,000-square-foot, single-tenant office building in Doral is being converted for multiple tenants

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