Coral Gables Office Park Trades For $76 Million
The purchase of the 474,109 square foot complex equates to $160 per square foot.
The purchase of the 474,109 square foot complex equates to $160 per square foot.
Easton senior associate Jake Weiss represented the law firm in the transaction.
The seventh and final 15,000-square-foot parcel located at 1469 NW 13 Terrace closed this week.
The JLL office brokerage team of Managing Directors Steven Hurwitz and Doug Okun, Kevin Probel, Senior Managing Director, Clark Finney, Executive Managing Director, and Madeline Fine, Associate, will lead leasing efforts.
Cushman & Wakefield’s Miami-based Office Agency Leasing team of Jeannette Mendoza, Brian Gale, Andrew Trench, Ryan Holtzman, Eddie Quinon, and Lena Weeks oversee leasing efforts at Waterford Atrium and represented the landlord for all transactions.
Plans for the Class A tower include 750,000 square feet of creative offices, structured parking for 1,000 vehicles and 7,500 square feet of ground-level retail space.
Two of the three tenants are relocating law firms.
Thad Adams, Managing Director of Brokerage Services at The Allen Morris Company, along with Rafael del Rosal and Maricarmen Cabrera, also with The Allen Morris Company, represented the tenant in lease negotiations. Kevin Gonzalez, Senior Vice President, Tom Farmer, Vice President and Stephen Rutchik, Vice Chairman with Colliers, represented the landlord.
The office is launching with seven to ten attorneys plus a support team. The firm has nearly 30 lawyers across its three locations, which include Manhattan, New York; Palm Beach, Florida and Miami offices.
The property makes up the office component of a newly delivered mixed-use project with more than 150,000 square feet of high-end retail space located at the main intersection of Miami’s rapidly transforming City of Doral.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.