South Florida lease roundup: Baptist to open at Downtown Doral & more

South Florida lease roundup: Baptist to open at Downtown Doral & more

Friday, September 22, 2017

Clockwise from left: SunTrust Center, Downtown Doral, Bergeron Distribution Center, Building500 at the Port95 Business Park


Baptist Health South Florida signs 4,169-square-foot lease with Downtown Doral

Baptist Health South Florida just signed a 15-year lease at Codina Partners’ Downtown Doral project.

The new 4,169-square-foot lease will be a Baptist Health South Florida Express Care location. It will sit on the northeast corner of Northwest 53rd Street and Northwest 84th Avenue, directly across from Downtown Doral Charter Elementary School, according to a release.

Baptist Health Express Care is an appointment-free healthcare center for the treatment of minor injuries and illnesses. Baptist Health has an existing medical plaza nearby at Northwest 99th Avenue and 41st Street.

Koniver Stern Group’s Mickey Finkle and Arthur Shifrin represented Downtown Doral Retail Holdings, an entity of Codina Partners. They are in charge of all retail deals for Downtown Doral.

Baptist Health South Florida is part of phase II of The Shops at Downtown Doral, which will feature locally-owned storefronts and restaurants. Phase II broke ground in June 2017.

When completed, Downtown Doral will have more than 1 million square feet of commercial space, 400,000 square feet of Class A office space and 5,000 residential units. The master-planned community will include a city hall, charter school, town homes, single-family homes and eventually, eight condo towers.


Port 95 Business Center​ in Fort Lauderdale adds 47,182-square-foot lease

Port 95 Business Center, a 230,036-square-foot commercial park, just inked leases with General Insulation and Kaman Industrial Technologies, bringing the distribution center to 92 percent occupancy.

The two leases, totaling 47,182 square feet, will be in Building B of Port 95 Business Center at 2650 SW 36th Street in Fort Lauderdale. The center consists of three newly developed distribution buildings with built-to-suit offices. Other features include T–5 warehouse lighting and 32-foot ceilings, according to a release.

Cushman and Wakefield’s Chris Metzger, Richard Etner Jr. and Christopher Thomson represented owner MSG Port 95, led by Elion Partners’ Saul Gilinski. Cushman & Wakefield’s Matthew McAllister, Gary Collett and Jay Lucas represented General Insulation.

General Insulation Company is an insulation distributor and supplier of industrial, commercial and fire-stopping products for the construction market. It will be relocating from its location in Pompano Beach, and is slated to move in by the fourth quarter. Kaman Industrial Technologies is a subsidiary of Kaman Corporation, one of North America’s largest industrial distributors.

Port 95 Business Center has about 19,913 square feet remaining.


Bergeron Distribution Center in Pembroke Pines inks 35,630 square-feet first lease

The Bergeron Distribution Center, a 173,373-square-foot distribution and warehouse facility in Pembroke Pines, just inked its first lease.

InNeuroCo, a Medical devices manufacturer, signed a 35,630 square-foot lease at the distribution center in Pembroke Pines. The property is still in its pre-leasing phase, according to a release.

Bergeron Distribution Center sits on a 9.1-acre lot at the southwest corner of Stirling Road and Southwest 196th Avenue. The facility provides office space and features 32-foot tall ceilings, a truck court and dock and ramp loading.

Bergeron Family of Companies broke ground on the project in October 2016. Berger Commercial Realty’s Keith Graves and Greg Milopoulos are the exclusive leasing agents.

Bergeron Distribution Center is part of the Bergeron Park of Commerce and Industry, a 300-acre industrial park and development site. When completed the park will total about 2.2 million square feet of commercial space.


SunTrust Center at Las Olas Square inks 7,305 square foot lease

SunTrust Center at Las Olas Square, a 17-story office tower in downtown Fort Lauderdale, just inked a 7,305-square foot lease on its ninth floor.

Cushman & Wakefield signed the lease. It will be moving from 2,000 square feet on SunTrust at Las Olas Square’s eighth floor.

Cushman & Wakefield’s Travis Herring, Deanna Lobinsky, Katherine Ridgway and Chase Kulp negotiated the lease renewal on behalf of building owner Steelbridge. Cushman & Wakefield’s Jeff Holding and A.J. Belt represented Cushman & Wakefield.

Steelbridge Capital‘s Las Olas Square is an office campus in downtown Fort Lauderdale. The developer paid $90 million for the site last year. It includes the SunTrust Center at Las Olas Square and 501 at Las Olas Square, a three-story mixed-use building at 501 East Las Olas Boulevard. The project also includes a five-story structured parking garage, an on-site café.


Source: The Real Deal