Colliers Vice Chair Stephen Rutchik, Vice President Tom Farmer, and Associate Vice President Tyler de la Peña represented the landlord, CGI Merchant Group, negotiating four new leases totaling 12,882 square feet.
The developer said the office floor plates would range from 19,000 to 27,000 square feet and the project would include retail space on the ground floor and about 1,000 parking spaces.
The 125,000-square-foot mixed-use community is slated for completion the first quarter of 2025.
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Douglas Mandel, Tyler Kuhlman, and Zachary Levine, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an entity tied to Malcolm Butters, and secured the buyer, LMP Boca, LLC.
The portfolio of 96 properties includes rental apartments, single-family homes, an office condo unit and a developable site zoned for a three-story rental building.
The firm has also signed a 79,141-square-foot lease on the neighboring block at Miami Tower, located at 100 SE 1st Ave., for a build-to-suit corporate headquarters relocation of a multi-billion-dollar public company.
The lease deal marks the company’s fifth location in Miami, its seventh in the county and 11th in the state.
Ryan Holtzman, Andrew Trench, and Michael Feldman of Cushman & Wakefield and Chris Coots of Flagler Healthcare Investments will collaborate to oversee medical office leasing efforts on behalf of the developer, which is a partnership between Black Salmon and The Allen Morris Company.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.