The Real Deal Miami

SoFla lease roundup: Nestlé quenches its thirst with Medley lease & more

Duane Morris is relocating to the Lynn Financial Center in Boca
By Amanda Rabines | March 05, 2018 01:52PM

Airport North Logistics Park, Doral Costa Office Park and Lynn Financial Center

Nestlé to lease entire building in northwest Miami-Dade

Nestlé Waters North America will be filling up a new warehouse at the Airport North Logistics Park, according to a release.

The company inked a 257,000-square-foot lease at 8501 Northwest 80th Street. The deal takes nearly one third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

L&B Realty Advisors, based in Dallas, owns the industrial park. Cushman & Wakefield’s Wayne Ramoski, Gian Rodriguez and Skylar Stein represented L&B, while CBRE’s Tom O’Loughlin, Marineh Dermovsesian and Larry Genet represented Nestlé Waters.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

World Fuel Services and others ink leases at Doral Costa Office Park

World Fuel Services Corporation is keeping its headquarters in Doral. The company just secured a 133,00-square-foot lease renewal and expansion at the Doral Costa Office Park.

The publicly traded, Florida-based fuel company was represented by CBRE’s Shay Pope and Gil Hutzler. Robinson Commercial Real Estate’s Walter Robinson represented the landlord, Triarch Capital Group.

Allstate Insurance Company, HSBC Bank and International Data Corporation also renewed their leases at Doral Costa. Triarch paid nearly $74 million for the 280,000-square-foot, 18-acre office park, at 9800 and 9850 Northwest 41st Street and 4090 Northwest 97th Avenue.

Duane Morris to open new Boca Raton office

International law firm Duane Morris inked a new lease for nearly 12,000 square feet at Lynn Financial Center in Boca Raton.

The firm will open at the 62,000-square-foot class office building at 1875 Northwest Corporate Boulevard. In all, the Lynn Financial Center includes three buildings totaling nearly 210,000 square feet.

Duane Morris has more than 800 attorneys around the world. Broad and Cassel LLP also recently secured office space at the Boca corporate park. Avison Young’s Greg Martin and Keith O’Donnell represented the landlord in both deals.