100,000 SQUARE FEET LEASED AT WATERFORD AT BLUE LAGOON PROPERTIES

image001We have seen strong leasing activity at the eight buildings we lease and manage at the Waterford at Blue Lagoon office park.  T&M has executed 37 deals totaling 100,000 square feet in the last year with over a third of that number – 38,500 square feet in the past few months.  The portfolio includes the 6505, 6303, 6100, 6161, 6101, 5805, 5775 and 5757 buildings located across from Miami International Airport in the 250 acre office park.  Jeannette Pay Mendoza our Director of Leasing negotiated the deals on behalf of the buildings’ owners.

Notable recent leasing activity includes

o   The 24,000 square foot renewal and expansion of Oracle USA at 6505 Waterford.  Co-brokered by John Marshall of Cresa South Florida

o   A 6,514 square foot lease with Caron Broadcasting, Inc at 5757 Waterford.  Co-brokered by Ryan Ackerman and Brian Wood of CBRE

o   A 4,425 square foot lease with Colombina Candy Company at 6303 Waterford.  Co-brokered by Gonzalo Rioja of Stone Miller

Mendoza attributes their success at leasing the portfolio to Taylor & Mathis’ award winning management and the stellar location across from Miami International Airport.  “The buildings attract companies for whom the access to the airport and interstate system are paramount,” said Mendoza. “We see a lot of interest from international companies.”

2015 will bring a unique leasing opportunity to 6101 Waterford when the entire 88,000 square foot building becomes available for lease.  Miami Children’s Hospital will vacate their space in the first quarter and Taylor & Mathis has the ability to relocate the building’s remaining tenants to free up the entire building for the right tenant.  The four-story building can provide a tenant with signage along S.R. 836 which has a daily traffic count of 180,000+.

The buildings are managed with a strong commitment toward corporate responsibility. The buildings house hundreds of jobs for diverse tenants such as Parbel of Florida (L’Oreal), The Discovery Channel, Regus, Biomet, Avisena, Phoenix American Insurance Group, Oracle, Humana, RAC Insurance, FirstService Residential Florida, Butler Buckley & Deets.

Community impact from the properties has been significant.  Property Manager Peter Romero has created and organized the largest corporate event at Waterford and in the Blue Lagoon area. The Waterford 5k at Blue Lagoon was first organized in 2007 and has since grown into one of the most anticipated 5K events in the Miami-Dade area. The race includes over 2500 participants, over 60 corporate sponsors, and has contributed over $133,000 to charities including Miami Children’s Hospital.