Brian Gale Sees No Slowdown in Sight as His Leasing Team Looks Towards Another Record Breaking Year

The Taylor & Mathis of Florida Miami-Dade leasing team had a record breaking year in 2013.  The team whose leasing portfolio encompasses four million square feet of office space throughout Miami-Dade as well as an office tower in West Palm Beach completed over 100 leases last year.  The leases totaled nearly 700,000 square feet and were valued at $165 million.  “The office market is sizzling right now,” said Taylor & Mathis Principal Brian Gale.   “Rents are increasing and tenant concessions are beginning to dwindle. Most of the tenant expansions have been in the field of professional services which include law firms, accounting firms, insurance agencies, etc. The Downtown/Brickell market was the hottest of the Miami-Dade submarkets in 2013 and is showing no sign of slowing down. Rental rates are increasing as is the absorption of vacant spaces.”

Taylor & Mathis leasing team includes Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza. “Throughout our 4 million square foot portfolio, we leased over 322,000 square feet of new leases, 276,000 square feet of renewals and over 92,000 square feet of expansions. We did six leases over 30,000 square feet and two were over 40,000 square feet.   Key lease deals included:

  • Akerman Senterfitt’s 40,000 square foot lease and Morgan Stanley’s 30,000 square foot renewal at Phillips Point in West Palm Beach
  • GrayRobinson’s 35,500 square foot lease at Wells Fargo Center in Downtown Miami
  • Quest Workspaces’ 20,000 square foot lease at 777 Brickell and 37,000 square foot lease at Espirto Santo Plaza in Miami’s Brickell Financial District
  • Weil Gotshal & Manges’ & Fowler White Burnett’s renewals at Espirito Santo Plaza

One of the keys to the leasing team’s success was securing renewals and expansions. Many of our existing tenants were courted heavily by nearly every Brickell and Downtown Miami office building including the new developments.  The key to getting those deals done was our existing relationships and our outstanding management teams,” said Andrew Trench, Taylor & Mathis Leasing Director.  “We were able to negotiate and finalize those renewals relatively smoothly, despite the market aggressively pursuing them.”  Taylor & Mathis was named Property Management Company of the Year at the 2013 Miami-Dade BOMA awards.

The Taylor & Mathis of Florida Miami-Dade Leasing Team

Andrew Trench, Nicole Gamarra, Brian Gale, Jeannette Mendoza & Ryan Holtzman

t&m leasing team

Hotel Connections Moves to 6100 Waterford at Blue Lagoon

6100 Pic 2013Hotel Connections, Ltd, a global provider of hotel accommodations for the crews of the aviation and other travel industries, has relocated their corporate headquarters in Miami to 6100 Waterford leasing 8,379 square feet, announced Jeannette Mendoza of Taylor & Mathis the property’s exclusive leasing agent.

“A location easily accessible to Miami International Airport was the driving factor in our headquarters search,” stated Hotel Connections CEO Kenneth Shanley. “6100 Waterford is located one stoplight from the airport as well as being easily accessible for our employees.  With the ideal location, amenities and beautiful, newly renovated building, there wasn’t a better choice for our company than 6100 Waterford.”  The building was named the 2012 Suburban Office Low Rise Building of the Year by the Miami-Dade chapter of BOMA (the Building Owners and Management Association).

The firm is currently occupying temporary space in the building while their new offices are being completed.  Ryan Ackerman of CBRE co-brokered the transaction representing Hotel Connections, while Taylor & Mathis’ Jeannette Mendoza represented building owner MetLife.

6100 Waterford is located across from Miami International Airport within the 250-acre Waterford at Blue Lagoon corporate park. MetLife owns three buildings referred to as The Atrium Buildings: 6100, 6303 & 6505 Waterford. The properties recently underwent a million dollar renovation.

 

For more information on Hotel Connections visit www.hotelconnections.com