The Six-Week Deal Quest Workspaces Leases Full Floor at 777 Brickell

Brian Gale’s leasing team had their best leasing year ever in 2013 with 625,000 square feet of office space leased at a value of approximately $158 million.

Quest - Espirito DSC_6876Within six weeks of learning full floor tenant Jordan Burt would not be renewing their lease at 777 Brickell due to a merger with Carlton Fields, Taylor & Mathis signed Quest Workspaces to lease the 20,000 square foot space to be vacated by the law firm. The executive suite company will open their second location in Miami’s Brickell Financial District in April moving to temporary space at the building until the new space build out is completed.

“The same day we learned the merger had gone through we called the Quest Workspaces’ broker, Lance Benson of Newmark Grubb Knight Frank, and said we have a great space for Quest if they are looking for another location on Brickell,” stated Taylor & Mathis Partner Brian Gale. “We made one phone call and six weeks later had a signed lease.”  The space is ideal for Quest. Former law firm space is very office intensive a necessity for an executive suite.  Taylor & Mathis also signed Quest to a 37,000 square foot renewal and expansion at Espirito Santo Plaza earlier this year.  The Taylor & Mathis’ Miami leasing team of Brian Gale and Andrew Trench worked with co-broker Benson representing Quest Workspaces, to complete the transactions.

“Quest Workspaces is an emerging executive center with a trendy & modern vibe,” stated Trench. “This is not your 1980’s executive suite.  They will be a great asset to 777 Brickell which is an impeccably maintained office building with class A finishes.  Executive suites often serve as incubator space for new companies poised for growth.”

“Miami is evolving into a world class city and Brickell Avenue is setting the pulse for the area’s growth and expansion,” said Laura Kozelouzek, founder and CEO of Quest Workspaces. “777 Brickell is a superior fusion of a chic and professional office space, in a prime location, priced at 20 percent less than our current Brickell [Espirito Santo Plaza] pricing, which will give clients the added value of a prestigious, downtown office address at a more affordable square footage price tag.”

Quest’s seventh location in less than three years and second location on Brickell Avenue is located in the hub of downtown Miami’s financial district. The new development solidifies Quest as the 15th largest tenant in Miami’s burgeoning business district among the ranks of Bank of America, HSBC and Florida International University.  The new center at 777 Brickell Avenue, encompassing the entire fifth floor, will feature more than 90 offices and offers flexible workspace solutions that cater to companies of all sizes from start-ups to global brands.

The SunTrust Building at 777 Brickell Avenue is a multi-use facility with business and lifestyle amenities, gourmet restaurants including Truluck’s, a beauty salon, covered parking garage, banking with ATM and 24/7 building access and security. The Energy Star labeled property is within walking distance to Mary Brickell Village and is less than 10 miles from Miami International Airport.

About Quest Workspaces

Quest Workspaces provides flexible and affordable workspace solutions to support companies of all sizes and stages. Quest offers move-in ready, executive office suites, virtual offices for home-based and mobile workers and conference/meeting rooms for hourly and daily rental. Quest features seven, state-of-the-art executive centers including: the Time Life Building at 1271 Avenue of the Americas in New York City, Espirito Santo Plaza in the heart of downtown Brickell, SunTrust Building at 777 Brickell Ave., 1200 Building in Boca Raton, 2525 Ponce de Leon in Coral Gables, the 101 Tower in downtown Fort Lauderdale and 515 N. Flagler Drive in West Palm Beach. For more information, please call 1.800.268.1051 or visit www.questworkspaces.com.

Quest Expansion Brings Espirito Santo Plaza to 99% Leased

Espirito NightQuest Workspaces signed a 32,000 square foot renewal & expansion at Espirito Santo Plaza located in Miami’s Brickell Financial District.  The executive suite company expanded by 13,000 square feet while renewing their existing lease of 19,000 square feet bringing the office building’s occupancy to 99%.   The mixed-use property also includes the Conrad Miami Hotel and 10 floors of luxury condominiums.

“We are excited to be expanding our Brickell center at Espirito Santo Plaza. Since opening three years ago we have attracted Miami’s top companies and helped dozens of startups, but because of its popularity we have had a wait list. Adding an additional 50 offices of various sizes and configurations will allow us to accommodate all budgets and companies.” – Laura Kozelouzek, Founder and CEO, Quest Workspaces.

The Taylor & Mathis’ Miami leasing team of Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza, exclusive leasing agents for Espirito Santo Plaza, worked with co-broker Lance Benson of Newmark Grubb Knight Frank, representing Quest Workspaces, to complete the transaction.

 “We are excited about the expansion of Quest Workspaces as it is a significant sign of an improving office market, “commented Taylor & Mathis’ Andrew Trench. “The additional 13,000 square feet will allow the firm to accommodate their extensive wait list for small companies seeking high profile office space.”

Quest Workspaces provides flexible and affordable workspace solutions to support companies of all sizes and stages.  Quest offers move-in ready, executive office suites, virtual offices for home-based and mobile workers and conference/meeting rooms for hourly and daily rental.  Quest features five, state-of-the-art executive centers throughout New York and South Florida including: the Time and Life Building in New York City, Espirito Santo Plaza in the heart of downtown Brickell, 1200 Building in Boca Raton, 2525 Ponce de Leon in Coral Gables and the 101 Tower in downtown Fort Lauderdale.  For more information, please call 1.800.268.1051 or visit www.questworkspaces.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