Design District Office-Retail Asset Trades For $72.5 Million
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
According to the Miami-Dade Beacon Council, the new headquarters is expected to support an additional 1,500 jobs over the next three years and generate roughly $300 million in recurring annual economic impact across the county.
Colliers’ Vice Chair Stephen Rutchik and Vice President Tom Farmer represented ownership in the transactions.
The property had previously been listed with another brokerage for approximately one year without a sale. After repositioning and repricing the asset, Axis Realty Advisors successfully secured a buyer and closed the transaction.
Colliers’ Jake Freeman and Maggie Guajardo Kurtz will lead office leasing efforts, while Jonathan Carter and Ryan Brodsky will head up retail leasing across both properties.
With nearly four decades of experience across commercial real estate, healthcare advisory, and corporate leadership, he will play a key role in advancing Blanca CRE’s healthcare tenant advisory services while supporting select landlord assignments.
Colliers’ Jake Freeman, Kevin Gonzalez, and Maggie Guajardo Kurtz oversee office and retail leasing activity for both projects.
The deal was facilitated by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors.
Renewing the lease would have resulted in rent increasing by roughly three times the firm’s prior rate.
DWS Group initially brought the property to market in July 2025, seeking approximately $125 million. The complex last sold in 2015 for $118.55 million.
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