“These new tenants bring innovative ideas and energy that perfectly complement the spirit of the campus, and we’re honored to support their growth as they help shape Miami’s tech and creative future.”
Newmark Managing Director Mitch Heifetz represented the tenant in the transaction. Additional transaction support was provided by retail advisors Andrew Connolly and Jake Siegel.
The Newmark team, led by Senior Managing Director Jeremy Hakala and including Managing Director Matt Himmelsbach and Director Brandon Shores, will lead leasing efforts on behalf of ownership.
The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom residences.
Newmark’s Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, Vice Chairman Nick Scribani, and Director Chris Lozinak secured the financing from Barings.
The pair has executed successful flagship concepts for major brands throughout South Florida, including Supreme, Fendi, Alain Ducasse and Zara.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.
The Plaza Coral Gables spans seven acres and features approximately 455,008 square feet of Class A office space across two towers.
After spending the past three years as a Managing Director with Newmark, he will focus on servicing local, national, and global office users across various industries including financial services firms, banks, and professional services firms, to plan and execute their corporate real estate strategies.
Newmark’s Matthew Williams, Daniel Matz, James Maynard, Kyle Schlitt and Robert Wright secured the bridge loan from Ladder Capital on behalf of buyer Safe Harbor Investments, LLC.
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