The Real Deal Miami

SoFla lease roundup: Bone marrow nonprofit moves HQ to Park at Broken Sound & more

Ascaso Gallery is leaving Wynwood for the A&E District
By Amanda Rabines | July 17, 2018 03:38PM

Sabre Centre I, 2600 Douglas, 6505 Waterford, Entertainment District Building

Gift of Life Marrow Registry moves HQ to Park at Broken Sound

Gift of Life Marrow Registry is moving its headquarters to the Park at Broken Sound in Boca Raton.

The international public bone marrow and blood stem cell registry is expanding to a 17,465-square-foot space with an in-house stem cell collection center at Sabre Centre I at 5901 Broken Sound Parkway Northwest. The nonprofit organization plans to move in by early 2019, according to a press release.

CBRE’s John Jaspert represented the tenant. The landlord, G&C Sabre Centre Investors LLC, was represented by John Criddle and Joe Freitas of Cushman & Wakefield.

The Park at Broken Sound is a 700-acre park in Northwest Boca Raton. Since it was rezoned in 2015, a number of developers have built or are building new apartment projects.

Art gallery moves out of Wynwood and into A&E District

The Ascaso Gallery in Wynwood is moving out the artsy neighborhood and into Miami’s Arts & Entertainment District.

The gallery, known for showcasing Latin American art pieces, just inked an 11,400-square-foot lease at a warehouse along Northeast First Avenue and Northeast 13th Street, near the Adrienne Arsht Center for the Performing Arts.

Records show Gypsy K LLC, controlled by the Kluger family partnership, owns the 17,400-square-foot warehouse. Cornerstone International Realty represented the landlord. The space was previously occupied by a storage company and a fitness studio that hosted spinning classes.

Ascaso is downsizing from its location at 2441 Northwest Second Avenue.

Hector Cataño of Cornerstone said the gallery moved out of Wynwood because it was looking for more parking for its customers. The gallery will also be paying less than half of its Wynwood rent. Asking rent at the new location is $25 per square foot, according to Loopnet.

Art of Shaving, Executive Data Systems ink deals at Blue Lagoon business park

MetLife Real Estate Investors just secured 53,000 square feet of leases at Waterfod Atrium, a 500,000-square-foot office campus in Miami’s Waterford at Blue Lagoon business park. The three-building portfolio is now 93 percent leased.

Executive Data Systems, The Art of Shaving, RS&H, Odebrecht Construction, Club Med Sales, Marcelo Law Group, American Prime and Banyan Health Systems all signed deals at the complex. Cushman & Wakefield’s Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench represented MetLife.

Other tenants include L’Oréal Retail Americas, Zimmer Biomet, Regus, Johnson & Johnson, Discovery Channel Latin America and Oracle.

Tampa-based Hogan Group developed the business park and manages it for TIAA-CREF and Allianz Real Estate of America. Allianz paid TIAA $375 million in 2015 for a 49 percent stake in the company’s six Class A office buildings, totaling more than 1.4 million square feet.

CE North America, counseling firm and others sign leases at 2600 Douglas

CE North America, Coral Gables Counseling Center, Worldwide Managed Care Partners, Luzar Training and three law firms are moving into 2600 Douglas in Coral Gables.

Demetree Global recently invested $15 million into renovating the office building’s lobby, elevators, common spaces and restrooms. The building’s main entrance was also redesigned with a new porte-cochere exterior and a tenant hub and conference room is currently under construction, according to a press release.

The new leases cover more than 36,000 square feet. Garcia, Espinosa, Miyares, Rodriguez, Trueba & Co.; First Legal; and PA Tinelli Fernandez Property Insurance Attorneys also secured spaces at the building.

Foundry Commercial’s Randy Olen and Sareska Batista represented Demetree Global.