The Real Deal Miami

SoFla lease roundup: Aetna relocates HQ to Art Falcone’s Plantation Walk & more

New deal also include 1 East Broward and new Miramar Megacenter Park
By Amanda Rabines | June 22, 2018 05:30PM

Rendering of Plantation Walk, 1 East Broward and rendering of Miramar Megacenter Park

Health insurer relocates HQ to new $350M Plantation Walk development

Health insurance firm Aetna is moving out of its Sunrise office and into Art Falcone’s $350 million planned Plantation Walk development.

Aetna will be the project’s first office tenant. The move comes less than a year after CVS Health announced it would acquire Aetna for $69 billion.

Aetna plans to move into an 85,000-square-foot office space in December, according to a news release. The 160,000-square-foot building will be home to Aetna’s Medicare, Medicaid and Aetna International divisions.

The lease brings occupancy at the building to 92 percent, according to Jay Adams of Newmark Knight Frank, the firm that handles office leasing for Plantation Walk.

Falcone is the CEO and managing principal of Encore Capital Management. Its Plantation Walk project at 321 North University Drive will feature 700 luxury rental apartments and 200,000 square feet of retail, once complete.

1 East Broward now 94% leased

Executive suite operator, Caxa Group, just inked an 18,400-square-foot office lease at the 351,000-square-foot 1 East Broward office building in downtown Fort Lauderdale.

The office building, developed in 1984, was previously known as the Wells Fargo tower then re-branded after Ivy Realty purchased the then-distressed asset in 2011.

The lease brings occupancy at the 19-story building to 94 percent. It sits on the northeast corner of Broward Boulevard and Andrews Avenue.

Avison Young’s Scott Goldstein and Keith Edelman represented the tenant. Travis Herring of Cushman & Wakefield represented building owner Ivy Realty.

National airline company signs 35K sf lease at new Miramar Megacenter Park

A national airline production company just landed a deal to lease space at the newly-planned Miramar Megacenter Park, making it one of the first tenants to sign a lease at the new development.

Flite Line LLC inked 35,000 square feet within the 267,325-square-foot planned project at 7451 Riviera Boulevard. It will include 170,00 square feet of warehouse space, 60,000 square feet of self-storage and 38,500 square feet of office space.