100,000 Sq Ft Year-to-Date Leasing Brings Miami’s Espirito Santo Plaza to 100% Occupied

Espirito NightWith 100,000 square feet of leases this year Taylor & Mathis of Florida has brought Espirito Santo Plaza to 100% occupancy. The firm reported two new leases this month.  Anchor tenant, Fowler White Burnett, P.A. renewed their lease while Jernigan Capital LLC will move into the market signing a 2,500 square feet lease. Last month Taylor & Mathis reported a 32,000 square foot renewal & expansion by Quest Workspaces.

“The ultimate goal for a broker is to bring a building to 100% occupancy,” commented Taylor & Mathis Leasing Director Andrew Trench. “Given the flux in the market it doesn’t happen often.  It’s the equivalent to that hole in one in golf.  It is certainly easier when working with a building that has a Brickell Avenue location, exceptional management and amenities like the on-site Conrad Hotel.”

The Taylor & Mathis Miami leasing team, exclusive leasing agents for Espirito Santo Plaza, worked with co-brokers Matthew Cheezem and Matthew Goodman of Cresa to complete the Fowler White Burnett lease.  Taylor & Mathis’ Andrew Trench negotiated the Jernigan Capital deal.

Tenant renewals are key to a building’s occupancy. With a 70 year history, Fowler White Burnett is Miami’s second oldest law firm and has been an anchor tenant at Espirito Santo Plaza since the building opened in 2004.

“We are proud to announce that we are renewing our lease at Espirito Santo Plaza,” stated Fowler White Burnett Managing Shareholder, Richard Wood.  “The building is always kept in true Class “A” condition, the management is very responsive and easy to work with, and the amenities within the property make it one of a kind.  This building has been our home since its original construction, and we are excited to continue here.”

Espirito Santo Plaza is a 36-story mixed-use glass tower with 260,000 square feet of Class A office space and an attached 12-story parking garage. It is also home to The Conrad Miami, Hilton Hotel’s luxury brand, which features 203 guest rooms, a ballroom and meeting facilities and specialty retail/restaurant space. The top floors of the property consist of a health club and 116 luxury condominium residences overlooking an eleven story atrium. Located on a full city block fronting at 1395 Brickell Avenue, in the heart of Miami’s international financial market, Espirito Santo is recognizable by a dramatic 36 story concave arc symbolizing the gateway to Latin America.  http://espiritosantoplaza.com/

Foreman Friedman Expands Offices at One Biscayne Tower

Taylor & Mathis Sees Uptick in Downtown Miami Leasing Activity –Foreman Friedman, PA Signs 15,000 Square Foot Renewal & Expansion at One Biscayne Tower

One Biscayne Tower Foreman Friedman, PA, a full-service litigation and business law firm, has expanded the size of their offices by nearly 35%.  The firm signed a 15,000 square foot renewal and expansion of their offices at One Biscayne Tower, the 700,000 square foot Class A office tower located in Downtown Miami. The transaction, an eleven year deal valued at $6 million, was negotiated on behalf of the owner by the Taylor & Mathis leasing team of Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza.  The deal was cobrokered by John Marshall of CRESA Partners.

“We are definitely seeing an uptick in downtown leasing activity over the last few quarters,” said Brian Gale, Taylor & Mathis Principal and Managing Director.  Taylor & Mathis has reported thirteen deals totaling 285,000 square feet in Downtown Miami & Brickell this year.  Foreman Friedman is the third significant deal signed at One Biscayne Tower in recent months.  The office building which offers incredible views of Biscayne Bay is one of downtown Miami’s best values for office space.

For more information, visit http://www.onebiscaynetower.com

Foreman Friedman, P.A. is a full-service litigation and business law firm servicing clients from offices in Miami and Chicago. The firm represents individuals, small businesses and some of the most widely recognized corporations in the world.  Partners Jeffery Foreman and Darren Friedman were named to the 2013 “Best Lawyers in America.” For more information log on to www.fflegal.com or email info@fflegal.com.

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/

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