Miami-based Banyan Street Capital, together with their capital partner, Oaktree Capital Management of Los Angeles, announced today that CBRE, Inc. has been appointed the exclusive leasing agent for Douglas Entrance, a 467,000-square-foot office park in Coral Gables.
“Today Douglas Entrance is currently undergoing a $7 million renovation program which will elevate the tenant experience at the park,” stated Rudy Touzet, Managing Partner of Banyan Street Capital.
Capital improvements include full renovation of the three office towers’ main lobbies, elevators, corridors and restrooms. Additional enhancements are being made to the parking garage and landscaping, as well as an upgraded site signage program.
“What made CBRE, Inc. stand out was the proposed team’s reputation and documented track record with large scale projects throughout Miami,” stated Zac Gruber, Managing Director of Banyan Street Capital.
The CBRE leasing team of Maggie Kurtz, Diana Parker and Kevin Gonzalez looked at the project with “fresh eyes” and presented a marketing campaign that captured ownership’s vision and new direction for the Gables office park.
“Douglas Entrance really has the best of both worlds by having Coral Gables charm with its historic designated buildings together with the state-of-the-art three office towers, all located in the only office park in Coral Gables,” stated Maggie Kurtz, Senior Vice President of CBRE, Inc.
Additionally, CBRE will lead a comprehensive re-branding and re-positioning campaign for the park aimed at fully depicting a world-class destination for Miami’s world-class companies.
CBRE’s leasing team will have an on-site leasing presence in a new marketing center strategically located at the epicenter of the complex.
“Having an on-site presence will allow CBRE to act as an information hub for all tenants and visitors, keeping everyone abreast of all of the exciting changes underway,” stated Kurtz.
“With restoration of the property now fully underway, we have full confidence that the CBRE team is dedicated to further enhancing the existing tenant roster of quality companies, delivering leasing results that will further elevate the park to world-class stature,” stated Gruber.
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