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.

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

 

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

Synergy Workspaces Opens First Location at One Biscayne Tower

image001Synergy Workspaces, a new, upscale premier business center, is coming to downtown Miami leasing the entire 32nd floor (26,144 square feet) at One Biscayne Tower on Biscayne Blvd. The first of several Synergy Workspaces planned for South Florida celebrated its grand opening April 30th. The newly formed company is owned and operated by the Grant family who has been operating business centers in New York since 1998.

The transaction, a 14 year deal valued over $13.5 million, was negotiated on behalf of the building owner by Brian Gale and Ryan Holtzman of Taylor & Mathis.  The deal was co-brokered by Carlos Rosero of Green Point Partners who will lead the Synergy sales team.

“We are very enthusiastic about entering the Miami shared workspace market and servicing our members with the tools they need to succeed. We are very impressed with the growth of the Miami commercial real estate market and look forward to participating in the success of this great city.” Ron Grant.

Synergy provides companies, including startups, with the space, infrastructure, and support staff they need to operate their businesses with very little startup costs. The business center boasts 6 conference rooms with state of the art technology, a shared reception area, a dining café, and expansive common areas for members to collaborate. The center also offers over 100 furnished private suites with modern office finishes. The private suites are offered in many different sizes and configurations to meet the needs and the budgets of businesses of any size. They support a variety of industries including financial, legal and technology industry among others. Their clients will include national and international firms, which require local satellite offices, companies whom require short-term space, startups, and many others. The center also offers an uninterrupted power source to ensure that computer systems that should not go down won’t go down, in the event of any interruption of power. The space features panoramic and unobstructed views of Biscayne Bay as well as Brickell, Miami Beach, and the rest of the Miami Skyline.  www.synergyworkspaces.com

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 brand new space,” stated Brian Gale, Taylor & Mathis Principal and Managing Director. 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.

FTI Consulting Leases 17,000 SF at One Biscayne Tower

Global Advisory Firm Relocates to One Biscayne Tower

One Biscayne Tower - Exterior - Metrorail Night ShotFTI Consulting, Inc. (NYSE: FCN), a global business advisory firm, has moved from Miami Center to One Biscayne tower leasing 17,000 square feet at the 39-story, 700,000 square foot Class A office tower located in Downtown Miami. The transaction was negotiated on behalf of the owner by Brian Gale and Ryan Holtzman of Taylor & Mathis.  The tenant was represented by Tony Jones of Cushman & Wakefield.

“The office market is on fire and leasing velocity at One Biscayne is still picking up steam,” according to Ryan Holtzman, Taylor & Mathis Leasing Director.  “We completed over 110,000 square feet of deals in 2013 and we were close to surpassing those numbers in 2014.” The office building which offers incredible views of Biscayne Bay is one of downtown Miami’s best values for office space.

One Biscayne Tower recently underwent renovations to the common areas with the vacant spaces and tenant corridors getting all new build outs with new common area finishes and lighting.  “It looks like brand new space,” stated Brian Gale, Taylor & Mathis Principal and Managing Director. 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 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.

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,200 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.65 billion in revenues during fiscal year 2013. For more information, visit www.fticonsulting.com

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

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

GrayRobinson Law Firm Signs 35,358 SF Lease at Wells Fargo Center

WFT_E_AD_IMG_4810FGrayRobinson, one of the fastest growing law firms in Florida with 280 attorneys and 11 offices across the state, is relocating its Miami office. Taylor & Mathis signed the firm to a long-term 35,358-square-foot lease at MetLife’s Wells Fargo Center in Downtown Miami.  The full service law firm is moving from 1221 Brickell to Wells Fargo Center in January 2015. GrayRobinson along with several other tenants are moving from Brickell to Downtown Miami—and taking up residence at Wells Fargo Center.

Brian Gale, Principal, and Ryan Holtzman, Leasing Director, both of Taylor Mathis, negotiated the long term lease on behalf of MetLife.  “GrayRobinson is the sixth tenant we have signed at Wells Fargo Center last year with new leases topping over 90,000 square feet,” stated Gale. GrayRobinson will occupy the 31st and 32nd floors of Wells Fargo Center. Gale also stated, “Wells Fargo Center, because of its location at the south side of the Brickell Bridge, has drawn a plethora of Brickell tenants across the river”.

“We explored several options in Brickell and Downtown Miami before settling on the Wells Fargo Center,” said Steven Zelkowitz, Managing Shareholder of GrayRobinson’s Miami office. “Cresa helped us navigate the landscape and balanced our short-term and long-term needs with an eye toward sustainable growth. We’re convinced we’ve found a strategic location at the Wells Fargo Center.” Barbara Liberatore Black, a Managing Principal at Cresa South Florida, represented GrayRobinson in the deal.

“It was important for GrayRobinson to establish the firm’s offices in a class A building in the urban core. Wells Fargo Center met all of the firm’s criteria,” said Liberatore Black. “GrayRobinson’s office space will facilitate the firm’s new office standards and technologies. The firm also has the ability to continue expanding at Wells Fargo Center by leasing additional space.”

“GrayRobinson is a welcome addition to the high quality tenant roster at Wells Fargo Center. The development, a long-term investment for MetLife, has attracted many of the Country’s most notable companies this year,” stated Chuck Davis, regional director of MetLife’s Tampa real estate investment office.

The law firm was attracted to Wells Fargo Center, in part, because it is attached to a world-class JW Marriott Marquis.

GrayRobinson established a presence in Miami six years ago when it retrofitted existing office space at 1221 Brickell. Although the space accommodated the firm’s needs at the time, its rapid growth—now approaching 50-plus attorneys—required GrayRobinson to seek new class A office space that mirrors its other locations and gives the firm room for future growth as it continues to expand in South Florida. GrayRobinson plans to lease temporary office space at Wells Fargo Center in January 2014 to accommodate immediate growth in its Miami office, and then move its entire legal staff to the building at the beginning of 2015.

“Our growth in Florida this year remained strong,” said Byrd F. “Biff” Marshall, Jr., President and Managing Director of GrayRobinson. “Finding quality real estate solutions in prime locations in the Florida cities we serve is vital to accommodate the needs of our clients.” The decision comes just months after GrayRobinson announced a new location in Boca Raton and recent expansions in Orlando and Ft. Lauderdale.

Wells Fargo Center is a 750,000 square foot Class A office tower located downtown one city block off Interstate 95 and south of the Brickell Bridge.  It is home to some of the most prominent and respected companies in the country, including Wells Fargo Bank, Greenberg Traurig, Deloitte, McDermott, Will & Emery and Littler Mendelson PA.  The office building shares a site with the first of its kind JW Marriott Marquis hotel and the first Hotel Beaux Arts, a new hotel of Marriott International luxury group.  Tenants benefit from the five-star amenities of the hotel, which include dining, conference facilities, an entertainment complex, fitness center, salon and spa, and the Jim McLean Golf School.  For more information, visit www.wellsfargocentermiami.com

About GrayRobinson

GrayRobinson is a full-service corporate law firm with over 280 attorneys throughout 11 offices across Florida. The firm provides legal services for Fortune 500 companies, emerging businesses, lending institutions, local and state governments, developers, entrepreneurs and individuals across Florida, the nation and the world. GrayRobinson has been named among Corporate Counsel magazine’s Go-To Law Firms for America’s 500 largest companies. Selected firms were chosen for delivering exceptional work for the Fortune 500.

ARCA Capital Investments Signs Lease at Wells Fargo Center Miami

M2_E_NV_CIMG_8702Wells Fargo Center has captured its fifth tenant this year with ARCA Capital Investments, Inc., signing a 4,418 square foot lease at the downtown Miami office tower.  Taylor & Mathis reports year-to-date leasing activity at the building has exceeded 50,000 square feet.

“Interest in Wells Fargo Center has come from a diverse corporate base,” stated Taylor & Mathis’s Brian Gale, who spearheads leasing efforts for owner MetLife.  “This year we’ve leased space to a financial services firm, law firm, business school and two real estate firms – a high-end executive suite operation and a top brokerage firm.” 

Andrew Easton of Jones Lang LaSalle negotiated the lease transaction on behalf of ARCA, a wealth management financial services firm, which is relocating to downtown Miami from Miami Beach.  Ryan Holtzman of Taylor & Mathis represented MetLife.

“ARCA Capital Investments chose Wells Fargo Center as the permanent location of our offices.  We regard Wells Fargo Center as the premier office space for South Florida, and it provides the most value for the applicable lease rates.  The amenities of the office building and the adjacent JW Marriott Marquis are truly exceptional. The location, facilities and staff of both the office building and the hotel dovetail nicely with our desire to provide concierge service to the Ultra High Net Worth clients,” said Indra Campbell, President & CEO ARCA Capital Investments.

Wells Fargo Center is a 750,000 square foot Class A office tower located downtown one city block off Interstate 95 and south of the Brickell Bridge.  It is home to some of the most prominent and respected companies in the country, including Wells Fargo Bank, Greenberg, Traurig, Deloitte, McDermott, Will & Emery and Littler Mendelson PA.  The office building shares a site with the first of its kind JW Marriott Marquis hotel and the first Hotel Beaux Arts, a new hotel of Marriott International luxury group.  Tenants benefit from the five-star amenities of the hotel, which include dining, conference facilities, an entertainment complex, fitness center, salon and spa, and the Jim McLean Golf School.  For more information, visit http://www.wellsfargocentermiami.com