Office – Cushman & Wakefield South Florida

Cushman & Wakefield Negotiates ±113,000-SF HQ Renewal with VAS Aero

Christopher Thomson, Richard F. Etner Jr., Chris Metzger and Matthew G. McAllister Represented Owner DRA Advisors LLC in Securing the Lease at 645 Park of Commerce Way BOCA RATON, FL, October 29, 2018 — Cushman & Wakefield has negotiated a 10-year, 113,191-square-foot headquarters lease renewal with VAS Aero Services at 645 Park of Commerce Way in Palm Beach County. The South Florida Industrial team of Christopher Thomson, Richard F. Etner Jr., Chris Metzger and Matthew G. McAllister negotiated the lease on behalf of New York-based building owner DRA Advisors LLC. VAS Aero, formerly The AGES Group and a division of Volvo since 1999, is a leading provider of aftermarket services in the aviation industry. The company sources, warehouses and markets aftermarket components across a broad range of aircraft and engine platforms and provides related services to airlines, leasing companies and maintenance, repair and overhaul (MRO) providers around the world. VAS [...]

Jim McAleese 2018-11-01T14:35:08+00:00 November 1st, 2018|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates Financing of One West Las Olas

Jason Hochman of Cushman & Wakefield’s Equity Debt & Structured Finance Group Secured a $9.6 Million Loan on Behalf of Owner One West LOA, LLC FORT LAUDERDALE, FL, September 28, 2018 — Cushman & Wakefield has negotiated the financing of One West Las Olas, a six-story, 33,450-square-foot Class A office building in the heart of Fort Lauderdale’s central business district. Jason Hochman of Cushman & Wakefield’s Equity Debt & Structured Finance (EDSF) Group negotiated a $9.6 million, fixed-rate non-recourse loan with a life insurance company on behalf of owner One West LOA, LLC. One West LOA, LLC was represented by Brian Kopelowitz of KO Lawyers. One West Las Olas was developed in 2015 on a ±0.12-acre site at 1 West Las Olas Boulevard. The state-of-the-art building is LEED Silver-certified and features on-site security, valet parking and hurricane impact glass. In addition to 27,592 square feet of Class A office space, the building houses two highly acclaimed [...]

Jim McAleese 2018-10-05T11:15:48+00:00 October 5th, 2018|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates 20,500-SF Lease with Kubicki Draper at IP Capital Partners’ Datran Center

Brian Gale and Andrew Trench Represented the Landlord, Tony Jones and Jeff Holding Represented the Tenant MIAMI, September 28, 2018 – Cushman & Wakefield has negotiated a 20,511-square-foot lease at Datran Center, a two-building, Class A office property in the Miami area. The lease marks the largest relocation to Miami’s Dadeland/Kendall submarket this year. Vice Chairman Brian Gale and Managing Director Andrew Trench represented the landlord, IP Capital Partners, a private real estate investment and asset management firm headquartered in Boca Raton. Executive Director Tony Jones and Executive Director Jeff Holding represented the tenant, Kubicki Draper, a defense litigation law firm, which is relocating from 25 W. Flagler St. in downtown Miami. Datran Center consists of two 17-story buildings totaling approximately 475,000 square feet, as well as an attached 300-room Marriott hotel. It is directly connected to the South Dadeland Station of the Metrorail Rapid Transit System, offering an easy [...]

Jim McAleese 2018-09-28T10:44:53+00:00 September 28th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Brings International Game Fish Association’s HQ to Market

The Capital Markets Team of Scott O’Donnell, Dominic Montazemi, Greg Miller and Miguel Alcivar were Selected to Market the ±60,000-Square-Foot Home of the IGFA DANIA BEACH, FL, September 26, 2018 — Cushman & Wakefield has been named exclusive advisor in the disposition of the International Game Fish Association’s (IGFA) headquarters in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Dominic Montazemi, Greg Miller and Miguel Alcivar were selected to market the property on behalf of the IGFA. IGFA recently announced plans to relocate its headquarters elsewhere in South Florida. The 59,797-square-foot asset will go to market unpriced. Cushman & Wakefield research shows comparable assets in the region trading at more than $300 per square foot. The three-story building was developed in 1999 on a ±12.7-acre site at 300 Gulfstream Way in Sportsman’s Park. The uniquely designed asset provides exceptional visibility with direct frontage on Interstate 95, ample parking and IROC (Industrial) zoning by the City of Dania Beach, allowing [...]

Jim McAleese 2018-10-01T09:39:57+00:00 September 26th, 2018|In the News, Office, Press Release|

Crocker Partners and Walton Street Capital Select Cushman & Wakefield to Lease 1.1M-SF Trophy Miami Office Park

Credit: Paul McDermott Photography Team of Brian Gale, Andrew Trench, Ryan Holtzman, Jeanette Mendoza and Lena Weeks Will Oversee Leasing for The Landing at MIA MIAMI, September 19, 2018 – Cushman & Wakefield has been selected as the exclusive leasing advisor for The Landing at MIA, a 1.1 million-square-foot office park, just west of Miami International Airport. Crocker Partners and Walton Street Capital recently acquired the property as a joint-venture, and ownership retained the Cushman & Wakefield team of Vice Chairman Brian Gale, Managing Director Andrew Trench, Managing Director Ryan Holtzman, Director Jeannette Mendoza and Associate Lena Weeks to lease the office park. The Landing at MIA is a world-class suburban office park situated on 50 lush acres at 200-7665 Corporate Center Drive in Miami’s Airport West submarket. At the intersection of Dolphin Expressway and Palmetto Expressway, it is approximately five miles west of Miami International Airport. The [...]

Jim McAleese 2018-09-20T13:49:26+00:00 September 20th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Arranges Lease Renewal and Restructure with SunTrust Bank at 777 Brickell Avenue

Andrew Trench and Brian Gale Represented Landlord Alliance RE Holdings; Jason Donald, Tony Jones and Ryan Levy Represented SunTrust MIAMI, September 5, 2018 – Cushman & Wakefield has arranged a lease renewal and restructure for SunTrust Bank at 777 Brickell Avenue, an office tower in the heart of Miami’s Brickell submarket. The longtime anchor tenant has extended its lease for 10 years, and will now occupy a total of approximately 25,000 square feet, which includes office space and a new, redesigned lobby bank branch within the building’s ground-floor retail space. Cushman & Wakefield Managing Director Andrew Trench and Vice Chair Brian Gale represented the landlord, Alliance RE Holdings, in the lease negotiations. Managing Director Jason Donald, Executive Director Tony Jones and Senior Director Ryan Levy worked with SunTrust’s Thomas Crociata to negotiate the lease on behalf of SunTrust. The lease comprises 22,000 square feet of office space, which will have [...]

Jim McAleese 2018-09-06T15:30:22+00:00 September 6th, 2018|In the News, Office, Press Release, Tenant Representation|

Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building

Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman Represented SF Partners in the Disposition. HOLLYWOOD, FL, July 30, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private real estate investment company acquired the asset for $11.5 million ($199 per square foot). The Hollywood Medical Office Building was developed in 1975. The five-story structure sits on a ±1.78-acre site at 3700 Washington Street approximately one-half mile west of Interstate 95 between the Hollywood Boulevard and Pembroke Road interchanges. The property, along with Hollywood Medical Plaza II, is one of only two medical office buildings on the Memorial Regional Hospital South campus. The building was 84 percent occupied at [...]

Jim McAleese 2018-07-30T15:03:01+00:00 July 30th, 2018|Florida, In the News, Office, Press Release|

Cushman & Wakefield Leases ±53,000 Square Feet at Waterford Atrium

Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench Represented MetLife Real Estate Investors in Securing Eight Office Leases MIAMI, FL, July 17, 2018 — Through the first two quarters of 2018, Cushman & Wakefield has negotiated eight office leases at Waterford Atrium totaling 52,674 square feet. The Cushman & Wakefield office leasing team of Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench represented owner MetLife Real Estate Investors. Waterford Atrium is a three-building, 495,870-square-foot Class A office campus located at 6100 Blue Lagoon Drive (6100 Waterford), 6303 Blue Lagoon Drive (6303 Waterford) and 6505 Blue Lagoon Drive (6505 Waterford) in Miami’s Waterford at Blue Lagoon business park. Cushman & Wakefield secured a mix of new, renewal and expansion leases with Executive Data Systems, The Art of Shaving, RS&H, Odebrecht Construction, Club Med Sales, Marcelo Law Group, American Prime and Banyan Health Systems. Executive Data Systems leased 7,971 square [...]

Jim McAleese 2018-07-17T16:57:44+00:00 July 17th, 2018|Florida, In the News, Office, Press Release|

Cushman & Wakefield Negotiates Sale and Financing of Kendall Summit Office Park

Miguel Alcivar, Mike Davis, Dominic Montazemi, Scott O’Donnell, Greg Miller, Rick Brugge and Michael Lerner Negotiated the $34.75 Million Disposition on Behalf of TA Realty. Jason Hochman Secured a $26 Million Acquisition Loan for the Buyer, COFE Properties MIAMI, FL, June 29, 2018 — Cushman & Wakefield has negotiated the sale and financing of Kendall Summit Office Park, a six-building office campus in the dense Kendall micro-market of Miami-Dade County. The Cushman & Wakefield Capital Markets team of Miguel Alcivar, Mike Davis, Dominic Montazemi, Scott O’Donnell, Greg Miller, Rick Brugge and Michael Lerner negotiated the sale on behalf of Boston-based TA Realty. Miami-based COFE Properties acquired the 173,661-square-foot office park for $34.75 million ($200 per square foot). Jason Hochman of Cushman & Wakefield’s Equity, Debt & Structured Finance Group assisted COFE Properties in securing a $26 million non-recourse acquisition loan with a low interest rate. The loan provided funds at closing and additional proceeds for future property renovations and leasing costs. Kendall Summit Office Park was developed between [...]

Jim McAleese 2018-06-29T14:26:11+00:00 June 29th, 2018|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates Sale and Financing of ADT’s Headquarters

Scott O’Donnell, Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Michael Lerner Negotiated the $42.05 Million Disposition on Behalf of RAIT Financial Trust. Jason Hochman Secured a $28.6 Million Acquisition Loan for the Buyer, PEBB Enterprises BOCA RATON, FL, June 19, 2018— Cushman & Wakefield has negotiated the sale and financing of ADT Inc.’s 171,489-square-foot global headquarters at 1501 Yamato Road in Palm Beach County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Michael Lerner negotiated the sale on behalf of Philadelphia-based RAIT Financial Trust. In a joint venture partnership, Boca Raton-based PEBB Enterprises and Chicago-based Tortoise Properties, LLC acquired the asset for $42.05 million ($245 per square foot). Jason Hochman, of Cushman & Wakefield’s Equity, Debt & Structured Finance Group, assisted the PEBB/Tortoise team in securing a $28.6 million, non-recourse acquisition loan with a low interest rate and flexible prepayment terms. 1501 Yamato Road was developed in 1983 on a ±10-acre site in southeast Palm Beach County. [...]

Jim McAleese 2018-06-19T14:16:19+00:00 June 19th, 2018|In the News, Office, Press Release|