The Real Deal Miami

Univision expands, signs 40K sf lease in Doral

Tenants include Prestige Health Choice, West Coast University, Tracfone

October 05, 2015 09:45AM

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9250 Doral and Univision CEO Randy Falco

9250 Doral and Univision CEO Randy Falco

Univision has signed the largest new office lease this year the Airport West-Doral submarket, a 12-year, $14 million deal, Taylor & Mathis announced on Monday. 

The American Spanish language television network will lease 40,000 square feet at 9250 Doral, an expansion of its offices across the street.

Brian Gale and Andrew Trench of Taylor & Mathis represented the owner, Delma Properties. Mitchell Millowitz and Lance Benson of Newmark Grubb Knight Frank represented Univision, according to a press release.

The four-story, 187,000-square-foot building, at 9250 Northwest 36th Street, recently underwent a multimillion-dollar renovation and is now 88 percent occupied. It was built in 1984, according to Miami-Dade property records. Delma paid $23.14 million for the property in 2006.

Other tenants include Prestige Health Choice, with 50,000 square feet, West Coast University with 45,000 square feet and Tracfone with 10,000 square feet. Together with the Univision lease, all four deals are valued at $33 million.

Two years ago, the building’s single tenant, Amadeus North America, moved out, leaving the building 100 percent vacant, according to the release.

New York City-based Delma Properties has offices in Miami and Fort Lauderdale. – Katherine Kallergis