T&M Broward Team Keeping Tenants at Sawgrass International Corporate Park

Sawgrass Plaza38,000 square feet of thanks to eFunds, the largest tenant to renew their lease at Sawgrass International Corporate Park in Sunrise, FL this year. The T&M Broward leasing team of Donna Korn and Jennifer Gemma along with co-broker Zachary Wendelin of JLL secured the 38,000 square foot renewal. Year-to-date renewals have topped 56,500 square feet at the M-M Properties’ four building Sawgrass Centre office portfolio. Bureau Veritas and All Risks, LTD renewed their leases earlier this year.

The focus now centers on leasing the portfolio’s remaining 7% of available space including a full floor of 24,000 square feet.  “With the limited supply of new and existing Class A office space in the Sawgrass market, it’s getting harder and harder for companies to find large contiguous amounts of space,” said Joel McCarty Senior Vice President of M-M Properties. The portfolio’s centralized location with access to both the Fort-Lauderdale-Hollywood and Miami International airports make it an ideal location for corporate headquarters and regional offices.

Lisa Capozzi, Donna Korn & Jennifer Gemma
Lisa Capozzi, Donna Korn & Jennifer Gemma

Brian Gale Sees No Slowdown in Sight

The T&M Florida Miami-Dade Leasing Team Nicole Gamarra, Ryan Holtzman, Jeannette Mendoza, Andrew Trench & Brian Gale
The T&M Florida Miami-Dade Leasing Team
Nicole Gamarra, Ryan Holtzman, Jeannette Mendoza, Andrew Trench & Brian Gale

Taylor & Mathis of Florida Miami-Dade’s leasing team had another stellar leasing year in 2015.  The team, whose leasing portfolio encompasses 4.7 million square feet of office space throughout Miami-Dade as well as the trophy office tower in West Palm Beach (Phillips Point), completed 85 leases in 2015.  The leases totaled over 472,000 square feet and were valued at $138 million.  “The office market is sizzling right now,” said Taylor & Mathis Principal Brian Gale. “Rents are increasing and tenant concessions are dwindling, as space is being absorbed throughout the county. It’s a Landlord’s market. The Airport West market was the hottest of the Miami-Dade submarkets in 2015 and there is no sign of it slowing down.”

The T&M Florida leasing team includes Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza and coordinator, Nicole Gamarra. Throughout the team’s Miami-Dade portfolio in 2015, they leased 220,000 square feet of new leases, 172,000 square feet of renewals and 80,000 square feet of expansions. Most of the tenant expansions have been in the field of professional services, which include law firms, accounting firms, insurance agencies, etc. The greatest activity came from the eight building Waterford at Blue Lagoon portfolio with 167,000 square feet of leases and One Biscayne Tower with over 107,000 square feet of leases. Key lease deals throughout the team’s portfolio included:

  • 57,000 square foot lease at Waterford – Airport East Submarket (healthcare company)
  • Univision’s 40,000 square foot lease at 9250 Doral – Airport West/Doral Submarket
  • National General’s 30,000 square foot least at 6101 Waterford – Airport East Submarket
  • Broad & Cassel’s 26,000 square foot renewal at One Biscayne Tower – Brickell Submarket
  • Jackson Lewis’ 22,800 square foot renewal & expansion at One Biscayne Tower – Brickell Submarket
  • CMA CGM’s 21,000 square foot renewal & expansion at One Biscayne Tower – Brickell Submarket
  • SilverSea Cruises’ 16,300 square foot deal at Wells Fargo Center – Downtown Miami

“The key to making deals in today’s fast paced market is to try and stay ahead of the competition. If you are doing a renewal, you have to start the process early, with some hand holding. Regarding expansions, it’s important not to land lock tenants in their pursuit for additional space and with new leases, well, you have to distinguish your building from the rest and promote the amenities, which separates your building,” said Gale.  2016 is setting up to be a big year for landlord’s to push rents and absorb their vacancies.

Back to Back TOBY’s for Center Point Business Park

The BCPBP BOMAuilding Owners and Managers Association (BOMA) of Greater Tampa Bay recognized the winners of the 2015 Outstanding Building of the Year (TOBY) awards November 12th. The award for the Outstanding Industrial Building(s) went to Center Point Business Park, submitted by Robert Smith, Taylor & Mathis of Florida, LLC, owned by IP Capital Partners.

Center Point Business Park has won the award three times under Taylor & Mathis’ management, in 2009 and back to back wins in 2014 and 2015. Center Point Business Park is now eligible to advance to the Southern Region BOMA competition to be held in Miami in April 2016.

The TOBY awards honor outstanding commercial real estate properties and industry personnel. “This award is the direct result of the commitment of on-site Property Manager Robert Smith and his team to deliver the highest level of customer service and operations. We have an outstanding on-site management team.”  — Kent Walling, Director of Operations Taylor & MathisCPBP Jeff

All applicants took part in a thorough review of their buildings including inspections of both public and non‐public areas of the buildings. The review process also included interviews with the property management teams and tenants, where they were evaluated in categories such as emergency preparedness, energy management, building security, and community impact.

Taylor & Mathis handles management and leasing on behalf of new owner, IP Capital Partners. They purchased the 55-Acre, 400,000 square foot office/flex and distribution warehouse facility in September. “The combination of the main and main location, in-place credit tenancy and additional upside potential through vacancy lease up made this a compelling investment opportunity,” says Josh Procacci, founding partner and chief investment officer of IP Capital Partners, in Boca Raton, of the firm’s purchase.

Ryan Holtzman Named to Real Estate Forum’s Fifty Under 40

DSC_0292Taylor & Mathis Leasing Director Ryan Holtzman has been named to Real Estate Forum’s Fifty Under 40 list. He was selected from a pool of more than 500 young professionals representing the cream of the crop of the commercial real estate industry.

“Ryan is the ultimate professional. He works hard, keeps his clients happy and has the ability to make everyone feel good in a transaction, which is a true talent. Over the last decade, he has negotiated major leases worth hundreds of millions of dollars. Ryan’s one of the best landlord brokers in South Florida.”  – T&M Principal Brian Gale

Year after year, Holtzman continues to be one of the top commercial real estate producers in the Miami market. The majority of top producers in his field are in their 40s, 50s and 60s, and Holtzman negotiates toe-to-toe with the best of the best. He joined Taylor & Mathis shortly out of college and is in his ninth year as director of leasing, specializing in landlord representation on more than four million square feet of  office space. In 2014 alone, Holtzman and his team completed 572,074 square feet of noteworthy office leasing deals. His goal is to grow Taylor & Mathis’ current portfolio of 12 million square feet to 20 million within the next five years. Holtzman is co-chair of Baptist Children’s Hospital’s Heroes golf tournament and co-chair of the South Miami Hospital Kidz Medical Services Mercury Ball benefiting the South Miami Hospital Neonatal Intensive Care Unit. A previous event raised more than $350,000 in one night.

“They are the future of our industry and, in some ways; the future is now, as young professionals are in the trenches, shaping the thinking and direction of commercial real estate. These young leaders have a drive and determination that is equal to and, in many ways, unmatched to that of their older counterparts. They’ve combined an uncanny knack for using the best of established traditions with finding ways of turning those traditions on their heads when adding their own creative spins to the equation. Their zest for giving back and innovation is an inspiration to those who have been in the business for a good many years. And, their outlook on the business is refreshing and invigorating to watch. With these leaders as the face of the industry for the next generation, it is safe to say the industry is in very good hands.”   Lisa Brown, Real Estate Forum

 

Andrew & Brian Snag Largest Office Deal in Doral

9250 DoralUnivision Leases 40,000 SF at 9250 Doral – Largest New Office Deal in Miami’s Airport West/Doral Market

Univision, an American Spanish language broadcast television network, has signed the largest new office lease this year in the Airport West/Doral market.  The firm leased 40,000 square feet at 9250 Doral. The 12-year, $14 million deal was brokered by Brian Gale and Andrew Trench of Taylor & Mathis representing the owner Delma and co-brokers Mitchell Millowitz and Lance Benson of Newmark Grubb Knight Frank representing Univision.  Univision, who owns and fully occupies a building right across the street, is expanding their offices to 9250 Doral.

Just two years ago 9250 Doral, an outdated 1980s office building was completely vacant.  Taylor & Mathis of Florida has successfully overseen the building’s turnaround filling 88% of the office space in four deals valued at $33 million, since the building’s conversion and multi-million dollar renovation. In that time 145,000 square feet of leases have been completed with Univision; Prestige Health Choice leasing 50,000 square feet; West Coast University 45,000 square feet; and Tracfone 10,000 square feet. 

The former single tenant building recently underwent a multimillion dollar renovation by owner Delma Properties to convert the property to a multi-tenant office building.  The quality of the new interior finishes makes it feel like a brand new building.  It has great ceiling height and an excellent window line.  Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant.  Delma Properties took the Class B building and gave it a modern, Class A renovation. “Tenants are getting a great value,” said Gale. “They love the modern renovation, the Doral location and the building’s large 50,000 square foot floor plates.”

The building’s unique design incorporating three pods with near-360 views, offers multiple tenants the ability to occupy “corner” offices. It offers 50,000 square-foot floor plates in an easy-access location, just minutes from Florida’s Turnpike on Doral’s main east-west throughway. The views of the iconic Doral Golf Resort and Spa just across the street are unparalleled. Located just a mile from Doral’s mixed-use city center, it is ideally positioned for business owners who appreciate the live-work concept. With the views of Doral golf course and the City Center just a mile away, the building is uniquely positioned to take advantage of the best of Doral. It is right in the middle of everything.  The 9250 Doral building, located at 9250 N.W. 36th Street, comprises 187,000 square feet of space with floor-to-ceiling views and reflective glass exterior.

 

We Love to See Our Tenants Grow!

355Congratulations to two of our 355 Alhambra tenants on their growth.  The Navigators Group, Inc and Catalyst Pharmaceuticals have doubled the size of their offices at the Coral Gables landmark building.

The Navigators Group, Inc. an international specialty insurance holding company recently signed a 7,500 square foot renewal & expansion. Navigators has offices in the United States, the United Kingdom and Continental Europe, as well as representative offices in China and Brazil.  Thanks to co-brokers Scott Goldstein & Keith Edelman of Avison Young for bring the deal to the building.

Catalyst Pharmaceuticals, a biopharmaceutical company focused on developing and commercializing innovative therapies for people with rare debilitating diseases, signed a 5,300 square foot renewal and expansion.  Thanks to Matt Cheezem & Will Morrison of CRESA who represented Catalyst in the deal.

The award-winning 355 Alhambra, this year’s BOMA Regional Office Building of the Year, has a historically high retention rate with renewals & expansions driving its recent leasing success.  Owned by AEW Capital Management (AEW) it is leased and managed by the Taylor & Mathis’ Miami leasing team of Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza. “We have some incredible leasing opportunities at the building,” said Gale.  “The entire 14th floor is available for lease. We can accommodate deals as small as 1,200 square feet up 23,923 square feet.”

355 Alhambra has been named Outstanding Office Building of the Year from 2005 to 2015 by the Building Owners and Managers Association (BOMA) of Miami-Dade, and in 2013/2015 by the BOMA Southern Region. 355 Alhambra located in downtown Coral Gables received LEED Silver Recertification earlier this year.

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.

http://www.bizjournals.com/orlando/morning_call/2015/09/nature-conservancy-relocates-to-maitland-center.html

 

One Biscayne Tower Views Drive 75,000+ SF of Renewals & Expansions

One Biscayne Tower - Exterior - Side ShotLaw firm renewals & expansions are driving recent leasing activity at One Biscayne Tower, a building that has seen over 100,000 square feet of leasing this year.  Three law firms have signed renewals and expansions totaling nearly 55,000 square feet with an additional 21,000 square foot renewal & expansion signed by French container transportation and shipping company CMA CGM.  Brian Gale and Ryan Holtzman of Taylor & Mathis brokered the four deals valued at $42 million, on behalf of the building owner.

The largest of these transactions is the 10 year renewal by statewide law firm, Broad & Cassel. The firm renewed their lease of 26,000 square feet on the 21st floor.  Even though many buildings tried courting them, their views from One Biscayne Tower couldn’t be beat.  The deal was co-brokered by Richard Linevsky of NAI Miami.

“Broad & Cassel was one of the first new tenants we brought to the building over 10 years ago,” said Taylor & Mathis Principal Brian Gale.  “We were hired to lease One Biscayne Tower as new buildings were being built which were poaching tenants from existing buildings. When we first signed Broad & Cassel it really helped solidify the building’s image, which turned around the leasing momentum. From there we signed several more law firm leases. Ten years later, we are renewing those same tenants. These renewals are testaments to the quality of the building, its ownership and of course those panoramic and unobstructed views of Biscayne Bay.”

One Biscayne View-2x11

 

The views were also key in securing the CMA CGM renewal and expansion. The world’s third largest container company has space overlooking the Port of Miami. “They can actually see their cargo ships, with their products and crates from their offices,” said Gale. With an expansion of 7,000 square feet, the firm now leases 21,000 square feet at One Biscayne Tower. The deal was co-brokered by Chris Coots and Didier Choukroun of Flagler Investment Property Group.

Jackson Lewis, one of the country’s preeminent workplace law firms, signed a 22,800 square foot renewal and expansion. The deal includes a 4,300 square foot expansion to their 18,500 square foot offices on the 35th floor. The deal was co-brokered by Chris Coots of Flagler Investment Property Group.

The law firm of Pathman Lewis, LLP renewed their lease of 10,200 square feet. The deal was co-brokered by Barbara Liberatore and Matt Cheezem of CRESA.

Earlier this year Synergy Workspaces entered the Miami market leasing 26,144 square feet, a full floor, at the building.

“One Biscayne Tower has strong Ownership, efficient floor plates with terrific window line and incredible views” said Taylor & Mathis Leasing Director Ryan Holtzman.  “With Bayfront Park located directory to the east, One Biscayne has endless ocean views that will never be obstructed. Our tenants love the fact that they are within walking distance to some of the best restaurants and hotels in the City in the fastest growing area in Miami.”

One Biscayne Tower underwent renovations to the common areas last year with the vacant spaces and tenant corridors getting all new build outs with new common area finishes and lighting.  “It looks like the interior of a brand new building,” stated Brian Gale, Taylor & Mathis Principal. One Biscayne Tower also received Gold LEED certification in 2014. During the LEED Gold certification process more than 83,000 square feet in lease transactions were completed.  Tenants include FTI Consulting, Inc., Northwestern Mutual, Sedgwick, LLP, Harvard Maintenance, Grass Roots America, Veritext, LLC, Foreman Friedman, ADD Inc., Young Bill Roumbus & Boles, PA, Flagler Investment, Marcus Neiman & Rashbaum, CellMark Pulp & Paper.

One Biscayne Tower is centered in the heart of Miami’s dynamic business district and is within walking distance of courthouses, hotels, restaurants, high-end retailers and overlooks beautiful Biscayne Bay and Bayfront Park. The building has won five Office Building of the Year (TOBY) Awards from the Building Owners & Managers Association (BOMA). For more information, visit www.onebiscaynetower.com

355 Alhambra Named USGBC GalaVerde Award Finalist

355Congratulations to Senior Property Manager Lisa Mitchell and her team! 355 Alhambra (Coral Gables) has been named a finalist for the Most Outstanding LEED EB:OM (Existing Buildings: Operations & Maintenance) Project Award.

The U.S. Green Building Council (USGBC) South Florida Chapter has announced the Finalist Nominees for the nonprofit organization’s upcoming GalaVerde, its 2015 LEEDership and Green Awards Program.

GalaVerde awards finalists (as well as eventual winners) were selected by a panel of industry experts from around the country. Submissions were sent to the judges “blind,” without any identification of project or team or LEED (Leadership in Energy & Environmental Design) achievement. Submissions were judged purely on specific criteria and merits.

With Weston-based The Spinnaker Group as Title Sponsor, the sixth annual GalaVerde will recognize and honor those outstanding projects, inspirational businesses, dedicated individuals, and instrumental Chapter members who are leading the way to a more sustainably built environment in our South Florida community. More than 350 attendees are expected at the awards ceremony on September 19, 2015, at the Hyatt Pier 66 in Fort Lauderdale, Florida, where the winners will be announced. The evening will raise funds to support the nonprofit organization’s educational activities and initiatives.

GalaVerde 2015 will include a VIP reception, pre- and post-event cocktail hours, dinner, a silent auction, superlative networking (we call it “GREENworking”), and an abundance of anticipation for the awards presentations and keynote address.

Rick Fedrizzi, CEO and Founding Chair of the U.S. Green Building Council, will serve as the special keynote speaker for the evening. Tim Center, Executive Director of Sustainable Florida and principal of Centerfield Strategy, will serve as master of ceremonies. Fedrizzi and Center will highlight an evening of recognition and appreciation for the South Florida green-building community during which the Chapter will recognize this past year’s Outstanding Community LEEDer, Green Business, Green Government, Green Elected Official, and Outstanding LEED Certified projects in South Florida.

News Release -- USGBC Announces GalaVerde Awards Finalists

 

BOMA’S SOUTHERN REGION BUILDING OF THE YEAR, 355 ALHAMBRA, AWARDED USGBC LEED RECERTIFICATION

AL_E_BV_5G3A3055FFTaylor & Mathis of Florida and AEW Capital Management, L.P. announced today that 355 Alhambra located in downtown Coral Gables received Leadership in Energy and Environmental Design (LEED) Silver Recertification, the U.S. Green Building Council’s (USGBC) leading-edge system for designing and constructing a sustainable, energy-efficient and high-performance building.  Green building strategies offer tangible ways for companies to improve their work environment and minimize their environmental impact while strengthening the bottom line.

355 Alhambra is owned by AEW Capital Management (AEW) on behalf of one of its institutional clients and is managed by Taylor & Mathis of Florida.  The property has been named Outstanding Office Building of the Year from 2005 to 2015 by the Building Owners and Managers Association (BOMA) of Miami-Dade, and in 2013/2015 by the BOMA Southern Region.

“355 Alhambra has very strong ownership in AEW, a firm that is committed to the community, the environment and to maintaining its properties at their optimum level of performance,” stated Taylor & Mathis Director of Operations, Marlene Diaz.  “Lisa Mitchell, the property manager at 355 along with her staff, have been able to achieve with these goals and objectives and their commitment to excellence has surpassed expectations.  Achieving the LEED Recertification was of no surprise to those that are familiar with the ownership, and staff of this location, as they are an amazing group of professionals and an example to the commercial real-estate sector.  This will be added to their long list of recognitions and achievements.”

Environmental features that led to the 16-story, 224,000-square-foot Class A office building’s recertification included:

– Energy Conservation:  Energy Star rating of 91 (highest score is 100).  The building’s high energy efficiency is due to the installation of a state of the art Building Automation System that controls its HVAC system and lighting; occupancy sensors installed in restrooms and interior equipment rooms eliminate the need for lighting in unoccupied areas; energy efficient lighting is installed throughout the building; variable frequency drives installed on equipment motors reduce electricity usage; CO2 sensors installed on air conditioning equipment maximize fresh air intake while reducing the need to cool non-essential outside air.

– Water Conservation:  Indoor water usage has been reduced by 30% by the installation of sink aerators and low flow restroom fixtures, and landscaping water usage has been reduced by 75% by the installation of a low volume irrigation system, rain gauge moisture sensors, and the installation of native and adaptive plans that require minimal watering.

– Waste Reduction:  A comprehensive recycling system that collects office paper, cardboard, plastic, glass, light bulbs and ballasts, batteries, and durable goods such as computers and office equipment.  Construction debris is also recycled.  95% of the building’s waste is being diverted from landfills.

– Green Cleaning and Pest Control:  Use of safe and eco-friendly cleaning products; use of recycled paper products in restrooms, and the Integrated Pest Management Policy reduces the need for pesticides inside the building and on exterior landscaping.