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Lease roundup: Dycom Industries moving HQ to West Palm’s Banyan & Olive project

Plus: Santander Bank took 4K sf at Miami Worldcenter

Wheelock, Brand Atlantic, Miami Worldcenter, Air Nab Tenants
Render of the 300 Banyan Boulevard building at the Banyan & Olive development in West Palm Beach with Brand Atlantic’s Andrew Dance and Adam Demark and Wheelock Street Capital’s Rick Kleeman and Jonathan Paul (Wheelock Street Capital, Brand Atlantic Real Estate Partners)

Dycom Industries | West Palm Beach 

Dycom Industries will move its headquarters to the Banyan & Olive development in West Palm Beach. 

 

Dycom, a contracting services provider for telecommunications infrastructure and utility industries, leased 40,000 square feet on the top two floors of the 12-story building under construction at 300 Banyan Boulevard, according to the landlords’ news release. The firm, which will move from 11780 U.S. Highway 1 in Palm Beach Gardens, will be the anchor tenant. 

 

Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlords. Derek Baker of Colliers represented the tenant.

 

Developers Brand Atlantic Real Estate Partners and Wheelock Street Capital’s Banyan & Olive project consists of the 300 Banyan building, which is under construction, and the renovation of the historic, three-story building at 111 Olive Avenue.

 

300 Banyan will have a six-level garage, six stories of offices with 20,000 square feet on each floor, and an 8,000-square-foot restaurant, the release says. It is expected to be completed next month, and Dyson will move in during the first quarter of next year, according to a spokesperson for the developers. 

 

The Dycom deal brings 300 Banyan to 50 percent pre-leased. 

 

West Palm-based Brand Atlantic was founded and is led by Andrew Dance and Adam Demark. Wheelock, with offices in Boston and Greenwich, Connecticut, was founded and is led by Rick Kleeman and Jonathan Paul. 

 

Santander Bank | Miami Worldcenter 

Santander Bank leased at Miami Worldcenter. 

 

The bank, which is the U.S. subsidiary of Madrid-based Banco Santander, took 4,000 square feet at the Jewel Box at 150 Northeast Eighth Street in Miami, according to a record filed to Miami-Dade County last month. The lease, which is for a 10-year term with two five-year extension options, started on Jan. 31, the record shows, though it has not opened yet. 

 

Miami Worldcenter Associates, led by Nitin Motwani and Art Falcone, in partnership with CIM Group, is the master developer of the $6 billion Miami Worldcenter mixed-use complex that spans 27 acres at the intersection of downtown Miami and the city’s Park West neighborhood. The Jewel Box, an 80,000-square-foot glass-encased retail building, is part of Miami Worldcenter’s total of 300,000 square feet of retail space. 

 

General Components International | Miami Midway Park  

General Components International leased the Miami Midway Park project that’s under construction in northwest Miami-Dade County. 

 

General Components took 27,400 square feet on the west part of Building 2 at Miami Midway Park at 9695 Northwest 174 Street in an unincorporated area of the county, according to the developers’ news release. The tenant will move in in August. 

 

Coconut Creek-based Butters Realty & Management and Charleston, South Carolina-based Greystar are developing the four-building, 505,500-square-foot Miami Midway Park industrial campus spanning 45 acres. The General Components lease brings the project to 52 percent pre-leased, the release says. 

 

Building 1 is 73 percent leased to GLB Trucking, Building 2 is 38 percent pre-leased to General Components, and Building 3 is fully leased to Logistic Plus. GLB and Logistics Plus have moved in. 

 

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JC Conte and Brian Ahearn of Butters, as well as George Pino and Brian Cabielles of State Street Realty represented the landlords in the deals.

 

Completion of the entire Miami Midway Park is expected in the coming weeks. 

 

Dick’s House of Sport | Dadeland Mall 

Dick’s House of Sport, a concept by Dick’s Sporting Goods, leased at Dadeland Mall. 

 

Dick’s House of Sport will open a 147,100-square-foot store in the former Nordstrom space at 7239 North Kendall Drive, according to an already approved administrative site plan submitted by the tenant to Miami-Dade County. Dadeland Mall is in the Kendall neighborhood in unincorporated Miami-Dade. 

 

The store, which will open this winter, will offer athletic gear and apparel, as well as a climbing wall, multi-sport cage and golf bays, according to a news release from mall co-owner Simon Property Group. 

 

Carl’s Jr. | Doral 

Fast-food restaurant Carl’s Jr. opened its first Florida outpost in Doral. 

 

CKE Restaurants, parent company of the restaurant that’s famous on the West Coast, and its Florida partner, RSMG Holding, leased 2,500 square feet at 5755 Northwest 87th Avenue, according to a CKE news release. The space is at the Doral Place 87 development. 

 

The restaurant, which can seat 42 guests, opened this month. 

 

Carl’s Jr. was founded by husband-and-wife Carl and Margaret Karcher, who first started out with hot dog stands in Los Angeles and eventually expanded the franchise across the West Coast. CKE, which also is the parent company of Hardee’s, is now based in Franklin, Tennessee, and is led by CEO Max Wetzel. RSMG, led by CEO Ron Santolaya, is the exclusive partner on CKE’s expansion into Florida, according to the release and RSMG’s LinkedIn. 

 

DGS Group, led by Hector Duer, Pablo Szprynger and Myrian Goldsmith, owns the Doral Place 87 restaurant space, according to records. 

 

Bakaló Mykonos | Miami Beach 

Bakaló Mykonos, a popular restaurant on the Greek island, opened its first U.S. outpost in Miami Beach. 

 

Bakaló Mykonos founders Nikos Nanou and Egidio Guerreri, in partnership with Giovanni Sandri and Stevi Tsapi, of Unique Catering Design, opened a 1,400-square-foot Bakaló Mykonos in the commercial space at the garage at 959 West Avenue, according to the tenant’s news release. 

 

The outpost opened in January, with Chrisanthos Latsi as head chef. 

 

Nanou and Guerreri opened Bakaló Mykonos in Greece in 2010, and are partners in Catari Ristorante Italiano in Mykonos, the release says. Guerreri also is a partner in Jaffa Miami Israeli Kitchen and Wine Bar in Miami.

Denver-based Air Communities, or Apartment Income Real Estate Investment Trust, paid $26.9 million last year for the garage-retail building where Bakaló opened. At the time, Air also paid $223.5 million for the pair of 14-story Southgate Towers.

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Dadeland MallDoralDowntown MiamiIndustrialKendallLeasesMiami BeachMiami WorldcenterMiami-Dade CountyOffices