The Expansion Brings the Class A Office Asset to 98% Occupancy
MIAMI, July 10, 2019 – Cushman & Wakefield has negotiated a 40,000-square-foot lease expansion and extension with Infinity Insurance, a division of Kemper Corporation, at Doral Concourse. Cushman & Wakefield Managing Director Gordon Messinger and Director Ericka Witkowski, who serve as the exclusive leasing agents for the property, represented landlord DRA Advisors, LLC, in the negotiations.
Infinity Insurance is expanding from 20,000 square feet to 40,000 square feet and plans to take occupancy of the additional space on January 1, 2020.
With the Infinity Insurance lease expansion, Doral Concourse is now 98% occupied and boasts a strong roster of national and international tenants in a wide variety of industries.
“By doubling its footprint and extending its lease, Infinity Insurance has demonstrated a long-term commitment to Doral Concourse that reaffirms the building’s position as the top office asset in the Doral market,” said Messinger. “We are pleased to have Infinity Insurance remain among our many notable tenants as Doral Concourse approaches 100% occupancy.”
Doral Concourse, a six-story, 240,950-square-foot office building, is considered the premier Class A office property in the Doral market. It offers premium finishes, a structured parking garage with the highest parking ratio in Miami’s Airport West submarket (5.0 spaces per 1,000 square feet), fiber-optic service and monument signage with frontage on Northwest 36th Street/Doral Boulevard. Further, ownership recently completed a capital improvement program to renovate the ground-floor lobby and all common areas.
At 8400 NW 36th St., the building is located in the heart of Doral, just minutes from Miami International Airport and downtown Miami. It offers excellent access to Palmetto Expressway, Dolphin Expressway and Florida’s Turnpike, and is surrounded by a vast and growing amenity base that includes the recently completed CityPlace Doral and Fresh Market.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida