Morays Jewelers to move HQ to Coral Gables

Allen Morris Company and Fortune International brokered the lease

TRD MIAMI /
Jun.June 19, 2015 02:15 PM

A Miami-based jeweler is moving its corporate headquarters from downtown Miami to Coral Gables, the Allen Morris Company announced this week.

Morays Jewelers signed a lease for a 6,500-square-foot facility at 116 Miracle Mile. The store and offices will open during the first quarter of next year. The company has been based in downtown Miami since 1944, according to a press release.

Ana G. Barcelo, a senior broker associate with the Allen Morris Company, negotiated the deal. Fortune International Realty’s Maria de Jose Mendizabel represented the landlord. Terms of the lease were not disclosed.

“The building’s prime location and upgraded finishes were essential elements in selecting this location as the new headquarters for Morays, as the company continues its tradition as one of the premier jewelers of South Florida,” Chairman and CEO Allen Morris said in the press release.

Boan Investments, a company based in the British Virgin Islands, owns the 6,526-square-foot, three-story building at 116 Miracle Mile. The company paid $3 million for the property in October 2013, according to Miami-Dade property records.

Nearby tenants include Alegria’s Brides and Barnes & Noble.

A $20 million streetscape improvement plan is coming to the area. In August, Coral Gables commissioners approved an upgrade plan that called for more green spaces and improved pedestrian areas, such as wider sidewalks, outdoor dining areas and mid-block parks and plazas. The city plans to break ground on certain parts of the plan, yet unannounced, by this fall.

 

Related Articles

arrow_forward_ios
1515 Sunset Drive and Facundo Bacardi

Bacardi-owned company sues construction firm for defects and delays at Coral Gables office development

Paseo de la Riviera and Industrious CEO Jamie Hodari  

Industrious to open at Paseo de la Riviera in Coral Gables

999 Ponce and Benjamin H. Silver  

Downtown Coral Gables office building asks $40M

500 Marquesa Drive (Credit: Realtor)

Former hedge funder sells waterfront home in Coral Gables for $8M

The Mile, Robert Given and Troy Ballard

Greystar looks to sell luxury rental building The Mile near Coral Gables

Manny Machado and Chad Carroll with 20 Tahiti Beach Island Road (Credit: Getty Images and Douglas Elliman)

Buyer revealed: Baseball player Manny Machado buys Tahiti Beach Island manse

Chad Carroll with 20 Tahiti Beach Island Road (Credit: Redfin)

Tahiti Beach Island manse sells for half its original ask

AmTrust office building at 2701 Ponce de Leon in Coral Gables

AmTrust Bank building sells in Coral Gables

arrow_forward_ios