Nature Conservancy Relocates to Maitland’s Park Center

park-center-02The conservation organization has leased 10,648 square feet and will relocate 50 employees from its current location in Altamonte Springs to Park Center, a four-story, 102,169-square-foot Class A office building in Maitland Center Office Park. Damien Madsen head of our Orlando office represented the landlord, Park Center SPE LLC, an affiliate of Miami-based Banyan Holdings in the transaction.

Park Center’s Maitland location offered the Nature Conservancy a more central and economical space for its employees. “As a nonprofit organization, it’s important to keep expenses down,” said Cushman & Wakefield Director Anne Spencer who represented the Nature Conservancy.“This move will help Nature Conservancy accomplish that by reducing their rent and creating a more efficient space.”

The relocation decision highlights the fact that Orlando’s office market continues to perform well. Cushman & Wakefield research shows that the overall Orlando-area market saw a heightened level of activity in the second quarter, with “tenants, already in the market and those that are new to the market, kicking tires and gauging space opportunities throughout the area,” said the brokerage firm’s Chris Owen Florida research manager.


Lots of Leasing Activity at our Tampa Industrial Properties

Our industrial leasing team – Lisa Ross and Monica Ziff Verville –  has been busy leasing up our industrial portfolio. Special thanks to co-brokers Kostas Stoilas, David Aleksy and Scott Altieri!

Global Capital Econometrix LLC, Leases Full Floor at Phillips Point

Phillips Point Taylor & Mathis has just signed two firms to 25,516 square feet of leases at Phillips Point in West Palm Beach’s Central Business District.  Dennis Hammond founder of St Louis based Harbor Capital Management is opening a new investment advisory firm in Florida.  The firm, Global Capital Econometrix, LLC has leased the building’s entire 18th floor of 14,516 square feet, announced Brian Gale, Taylor & Mathis Principal and Managing Director.  BMO Harris Bank, a tenant at the building since 1997, has signed a five year renewal for 10,000 square feet.  The transactions, valued at $8 million and $2.5 million respectively, were negotiated on behalf of the owner by the Taylor & Mathis.  The Harris Bank deal was co-brokered by Mark Pateman of Cushman & Wakefield.

“Phillips Point is the preeminent office building in the Palm Beach market,” stated Global Capital Econometrix, LLC CEO, Dennis Hammond. “With views of the Atlantic Ocean as well as the location just blocks from City Place’s retail complex and Palm Beach Island, we are looking forward to calling it home for the next 10 years.”

Phillips Point, a half million square foot office and retail complex, is located in the heart of the West Palm Beach central business district at 777 South Flagler Drive. The location provides expedient access to Palm Beach Island directly across from the entrance to the Royal Palm Bridge with Atlantic Ocean and Intracoastal Waterway views from all sides. The building is home to internationally recognized tenants including, Goldman Sachs, Morgan Stanley and Greenberg Taurig.  Among the complex’s amenities are banking, valet parking, concierge, Morton’s Steakhouse, The Phillips Point Club (a penthouse level dining club), café and sundry shop, 24-hour manned security and on-site dining.

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.

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.

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.

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.