The Real Deal Miami

SoFla lease roundup: Tropical Foods beefs up in Doral & more

Leases also at Datran Center in Kendall and Tower 1555 in West Palm Beach
By Amanda Rabines | October 01, 2018 02:30PM

Tropical Foods expands lease at International Corporate Park

Global food distributor Tropical Foods LLC is beefing up its lease in Doral.

The company, which works with brands like Baileys, Blue Diamond Almonds and Hershey’s Milk & Shakes, just doubled its space at International Corporate Park. Tropical Foods now occupies 64,000 square feet at 1665 Northwest 102nd Avenue.

Records show the landlord is a partnership led by a company tied to Global Logistic Properties. GLP is backed by Singapore’s Sovereign Wealth Fund GIC, and manages more than 170 million square feet of properties around the world, mostly warehouses.

Newmark Knight Frank’s Steve Medwin, Nick Wigoda and John Mejia represented both sides of the deal.

Kubicki Draper is moving to Kendall from downtown Miami

Law firm Kubicki Draper is moving out of its downtown office and is heading to Kendall.

The company plans to move out of its penthouse space at 25 West Flagler Street early next year, and into a 20,511-square-foot space at the Datran Center, a two-building office property totaling about 475,000 square feet.

Cushman & Wakefield’s Brian Gale and Andrew Trench represented the landlord, IP Capital Partners. Tony Jones and Jeff Holding represented the tenant.

The Datran Center consists of two, 17-story buildings at 9100 and 9130 South Dadeland Boulevard that are attached to a 300-room Marriott hotel, as well as the South Dadeland transfer station on the Metrorail system.

The office building is currently 93 percent leased and is undergoing a major lobby renovation, according to a release.

Tower 1555 in West Palm Beach scores 10,000 sf of leases

Tower 1555, a 180,000-square-foot office tower in West Palm Beach, just secured 10,000 square feet of new leases.

Law firm Link & Rockenbach secured the largest lease, inking a 5,181-square-foot lease at the property. CES Consultants secured 3,445 square feet of space and Calidus Management inked a 1,570-square-foot lease.

The office property at 1555 Palm Beach Lakes Boulevard is anchored by Florida Community Bank. According to online marketing materials, annual asking rents start at $15 per square foot. The office building was built in 1986.

Michael Falk & Company represented the landlord, Regions Financial Tower LLLP.