Taylor & Mathis of Florida has executed the largest new office deal in Miami’s Airport West Market in 2013, with a 45,000 square foot lease with California-based West Coast University (WCU).
Responding to a growing nursing shortage in Florida, West Coast University, a health sciences university, opened its first Southeast campus in February, at the newly renovated, 9250 Doral.
The former single tenant building recently underwent a multimillion dollar renovation by owner Delma Properties to convert the property to a multi-tenant office building. WCU has leased 25% of the building in a transaction valued at $13.5 million. The deal was brokered by Taylor & Mathis Principal, Brian Gale representing the owner and co-broker, Charlie Carroccio and Scott Allen of CBRE representing West Coast University.
“The metropolitan Miami area has become one of the country’s major health care hubs, and demands on health care providers will only increase as the population continues to grow,” said University President, Dr. Barry T. Ryan. “WCU is pleased to be part of the solution by preparing the highly educated, competent and confident nurses that are increasingly in-demand.”
The building’s large 45,000+ square foot floor plates were instrumental in securing the WCU deal. WCU leased the second floor and a portion of one of three pods on the third floor. “We are pleased to see Delma’s financial commitment rewarded by snagging the area’s largest office deal,” said Brian Gale of Taylor & Mathis, the exclusive leasing agent. “The quality of the interior finishes makes it feel like a brand new building. ItT&M has great ceiling height and an excellent window line. 9250 Doral sits in one of the most exciting and rapidly growing areas of the Miami-Dade office market.”
Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant. “The WCU lease confirms our commitment to the asset and in the market,” said Todd Benson, Senior Vice President, Delma Properties. “The heavy capital we have spent renovating the property are starting to come to fruition. It’s always gratifying to be involved in a project that repositions an asset and brings new tenants to the area.”
Delma’s investment included refurbishing the lobby and common areas, as well as exterior work, including upgrades to the entry fountain, pedestrian bridge, façade, parking, signage and landscaping.
The building’s unique design incorporating three pods with near-360 views, offers multiple tenants the ability to occupy “corner” offices. It offers 45,000+ square-foot floor plates in an easy-access location, just minutes from Florida’s Turnpike on Doral’s main east-west throughway.
The 9250 Doral building, located at 9250 N.W. 36th Street, comprises 187,000 square feet of space with floor-to-ceiling views and reflective glass exterior. It is the largest block of space available in the Airport West-Doral office market.
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.
And we promise…no more than one email each morning.