Windhaven Insurance, a Florida-based auto insurance provider, will be relocating its corporate headquarters to 31,524 square feet of space at a 4-story office building located at 8550 NW 33rd Street in Doral.
Following its move in the second quarter of this year, Windhaven will occupy more than half of the 59,591 square foot building, with office space on the third and fourth floors. Financial terms of the lease were not disclosed.
Blanca Commercial Real Estate represented both the landlord and the tenant in the lease. Tere Blanca acted as the designated agent for Windhaven Insurance in the transaction, while Danet Linares and Andres del Corral were the designated agents for the building’s owner. The Windhaven lease follows a surge of tenant representation activity at Blanca Commercial Real Estate during 2013; the firm’s members completed 27 transactions totaling nearly 235,000 square feet of office space through December 2013.
Windhaven will be consolidating its headquarters and relocating to Doral from two nearby office properties in Miami’s Airport West submarket. Windhaven’s lease at 8550 NW 33rd Street represents a 15,000 square foot expansion for the company, resulting in positive absorption for the Doral market.
“We are very pleased with the outcome of this lease, which represented a win-win for both Windhaven Insurance and the property’s landlord,” said Danet Linares, executive vice president with Blanca Commercial Real Estate.
Factors driving tenants to the 8550 NW 33rd Street property include the building’s convenient location in the City of Doral and proximity to City Place Doral, the new mixed-use urban residential and retail project under construction across the street. The building is also within close proximity to Miami’s major highways providing easy access to Miami International Airport, the Palmetto Expressway (SR 826), the Dolphin Expressway (SR 836) and Florida’s Turnpike. Dozens of high-end hotels and restaurants are also located within the immediate surrounding area. The building’s parking ratio is 3.5 : 1,000 square feet leased, with floor plates ranging from 12,322 to 15,762 square feet.
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