Originally acquired in 2021, the campus was repositioned through a multi-year strategy to concentrate tenancy, enhance the office assets and unlock a portion of the site for residential development, enabling two distinct paths for value creation.
The lease deal was negotiated by Gordon Messinger of CBRE.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents.
8333 Downtown Doral’s leasing momentum features a mix of new tenants, renewals and expansions.
CBRE’s Christian Lee, Sean Kelly, Tom Rappa and Matthew Lee represented the seller in the transaction.
This transaction brings the 420,525 square feet of rentable Class A office space at the project to nearly full occupancy.
This is the first time the property has been offered for sale since it was built in 1974.
Colliers’ Vice Chair Stephen Rutchik and Vice President Tom Farmer represented ownership in the transactions.
The recent leasing activity includes a 150,181-square-foot lease in Building A to an aviation maintenance provider specializing in jet engine repair and maintenance, a packaging company focused on plastic bottle manufacturing, leased 73,467 square feet in Building B, and the remaining 24,288 square feet available in Building C was leased by a Brazilian shoe manufacturer.
Renewing the lease would have resulted in rent increasing by roughly three times the firm’s prior rate.
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