JLL Closes 90,000 SF Of Office Lease Transactions In Doral
JLL has completed over 90,000 square feet of office leases at the three-building class A property, Westside Plaza, located in Doral.
Newly signed tenants and those who have either renewed or expanded their terms include US Medical Supply, KW Property Management and Consulting, Inktel Contact Center Solutions, Rivergate KW Management, and United Home Care Services.
The property was acquired in Q4 2021 by a joint venture consisting of leading industry investors Square2 Capital, Highline Real Estate Capital, and Ascentris, which are investing significant capital to bring an all-new office experience to the heart of Doral. The remodels and improvements to the property currently underway were a key factor in the tenants’ decision to sign a new lease or renew their terms.
The JLL brokerage team of Managing Directors Steven Hurwitz and Doug Okun and associate Madeline Fine are spearheading the office leasing at the property situated at 8200-8400 NW 33 St. on behalf of the new ownership group. Tenant representation was provided by Hughes Marino; David Valdez of Blanca Commercial Real Estate; and Donna Abood of Avison Young.
“Doral is one of fastest growing cities in South Florida thanks to its strategic location, diverse economy, and quality of life,” said Okun. “The city continues to attract businesses looking to be in close proximity to other high- profile companies while also having access to a variety of dining, shopping, and entertainment options. Westside Plaza is surrounded by over 100 dining options within a two-mile radius and is less than a 10-minute walk to the lifestyle destination City Place Doral.”
Westside Plaza is comprised of three separate buildings that are Energy Star and LEED Certified, ranging in size from 105,000 to 155,000 square feet and offering tenants a wide selection of footprints to choose from. The planned renovation by the new ownership group will include upgrades to the lobbies and brand-new amenities such as a state-of-the-art fitness center, spacious conference rooms, and a grab-n-go market. Additionally, new landscaping, monument signs, and outdoor seating will also be added for tenants to enjoy. While current and potential employees who reside near the property have access to free public transportation via the Doral Trolley or Freebee Doral, the property also boasts a parking ratio of five parking spaces per 1,000 square feet – the highest in this submarket.
Situated just west of Miami International Airport, the Doral submarket is nearby several of Miami’s top destinations including Downtown Miami and Miami Beach. Over 150,000 employees come to work every day in Doral as the city is home to several Fortune 500 companies and government headquarters including Carnival, Sears, Brinks, BlueCross Blue Shield of Florida, Univision, and the Federal Reserve Bank. According to the 2020 U.S. Census, Doral is one of the fastest growing cities in the State of Florida with the City of Doral Planning and Zoning Department reporting over two million square feet in approved commercial developments.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
CLICK HERE TO SUBSCRIBE TODAY!
And we promise…no more than one email each morning.
Leave a ReplyWant to join the discussion?
Feel free to contribute!