Market activity also comes as nearly 500,000 square feet of active new-to-market requirements are being tracked across Miami-Dade, according to Blanca’s Q1 Miami Office Market report, signaling a strong pipeline of future demand as companies continue to expand and relocate within the region.
ADP’s Miami office will relocate from its current location at 10200 Sunset Drive in Miami.
The lease marks Miami’s largest office lease to date in 2025.
The landlords were represented by Juan Ruiz, Andres del Corral, Jack Davidson, Jessy Aguila, and Tere Blanca, of Blanca Commercial Real Estate in the lease transaction. Brent Woodruff, Matthew Goodman, and Tyler Wyant from CBRE represented the tenant.
CBRE’s Scott Goldstein and Keith Edelman handled lease negotiations for Crystal Cruises. The landlord was represented by Juan Ruiz and Jack Davidson of Blanca Commercial Real Estate.
The venture led by Parmenter will invest significant capital to enhance and reposition the property, establishing it as a new innovation hub in Doral.
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