Marketing firm Max Borges Agency has signed a full-floor lease for 16,200 square feet at downtown Miami’s Brickell Bayview Centre.
The company, which specializes in electronics marketing, is bringing more than 60 employees to the 285,959-square-foot tower from its former downtown Miami location at 3050 Biscayne Boulevard.
“They had a very short window to try and transact, and they needed to try to find a building that was of good quality,” said Douglas Okun, vice president at Continental Real Estate Companies, who represented Brickell Bayview in the deal. “They didn’t necessarily want to pay Class A rates, so they were looking for good value.”
The move brings the agency’s headquarters to Brickell in a 10-year lease.
Newmark Knight Frank, which represented Max Borges in the deal, could not be reached for comment.
Fellow tenants at Brickell Bayview Centre include the Consulate General of Japan, the Beacon Council and Chase Bank.
Okun said he was positive about 2012 for Miami’s office market, which finished 2011 with a 19.1 percent vacancy rate, according to data from CBRE Group.
“I’m optimistic that we’ve hit bottom, and we’re starting to recover a bit,” he said, pointing to at least four new tenant expansions at Brickell Bayview this year, after seeing none a year ago.