Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park

In other deals, a medical marijuana dispensary opened in Kendall

Miami /
Jun.June 13, 2022 10:30 AM
(left to right) Nuveen's Mike Nuveen with 800 Waterford Way and Pebb Enterprises' Ian Weiner with 5355 Town Center Road (CoStar, Nuveen, TVS Design, Pebb)

(left to right) Nuveen’s Mike Nuveen with 800 Waterford Way and Pebb Enterprises’ Ian Weiner with 5355 Town Center Road (CoStar, Nuveen, TVS Design, Pebb, iStock)

Finsight Group I Waterford Business District I Miami-Dade County

New York City-based Finsight Group leased an office at the TIAA-owned portion of the Waterford Business District near Miami International Airport, marking continued influx of Northeastern fintech firms to South Florida.

Finsight signed for 3,122 square feet at the 800 Waterford Way building at 800 Northwest 62nd Avenue, according to a release from the tenant’s broker. The fintech firm originally leased the space in September under a short-term sublease, but opted to keep its Miami-Dade County office for the long term.

Scott Goldstein and Keith Edelman of CBRE represented Finsight.

The 10-story office building was completed in 2017, property records show.
TIAA, or the Teachers Insurance and Annuity Association of America fund, owns the majority of the 3 million-square-foot Waterford Business District through its investment arm Nuveen Real Estate and in partnership with Allianz Real Estate.

The business district has seen some leasing activity in recent months. In the first quarter, Unique Vacations, an affiliate of Sandals Resorts, leased 53,119 square feet at the 5505 Waterford building.

Finsight provides technology for institutional investors, investment banks and corporations across the world, according to its website. It is led by co-founders Leo Efstathiou, the CEO, and Jordan Adler, the COO, their LinkedIns show.

South Florida has become a magnet for financial and tech companies that have either expanded or relocated to the region since shortly after the pandemic’s onset. In another recent deal, fintech firm FundKite opted to move its headquarters from New York City into a 5,302-square-foot space at Aby Rosen’s 30-story 100 Biscayne office building in downtown Miami.

Logitix, Tom Murphy and More I Mizner Park I Boca Raton

Brookfield Asset Management is fresh off an office leasing spree for two properties at Boca Raton’s Mizner Park.

Toronto-based alternative asset manager Brookfield signed 20 new and renewal leases for a combined 99,015 square feet at the Mizner Office Tower at 225 Northeast Mizner Boulevard and the Mizner Park Plaza Real at 327 and 433 Plaza Real Boulevard, according to a release from the landlord’s broker.

John Criddle and Joe Freitas of CBRE represented Brookfield.

San Diego-based complex class action law firm Robbins Geller Rudman & Dowd took 26,429 square feet at Mizner Office Tower, moving and expanding from its previous Boca Raton office at 120 East Palmetto Park Road. Jeremy Hakala of Newmark represented Robbins Geller.

Also at the seven-story Mizner Park Office Tower, ticketing tech firm Logitix took 6,116 square feet; actuarial firm Perr Knight took 4,374 square feet; clinical stage immuno-oncology company ImMune Bio leased 5,165 square feet and financial firm Cetera leased 5,252 square feet, according to the release. All were new deals.

The Mizner Park Office Tower renewals were: law firm Tobin & Reyes for 9,380 square feet; private equity firm Brockway Moran for 3,870 square feet; financial services firm Mesirow for 2,324 square feet; real estate investment trust AGNC for 1,763 square feet; and investment banking firm DA Davidson for 1,405 square feet, the release says.

Mizner Park Office Tower is now 96 percent occupied.

Barbara Black and Iker Belauste of JLL represented Logitix. Deborah Fink of CBRE represented Perr Knight. Tawny Moore of Commercial & Luxury Residential Specialist represented ImMune Bio, and Brad Armstrong of Vestian Global Workspace Services represented Cetera.

In the renewals, Clay Sidner and Jeremy Hakala of Newmark represented Tobin & Reyes. Jonathan Barbar of Barbar & Associates represented Mesirow, and Chase Deuscle of CBRE represented AGNC.

Packaging solutions company Element Packaging inked the largest new lease at Mizner Park Plaza Real, 3,185 square feet, according to the release.

Also at the 102,922-square-foot Mizner Park Plaza, real estate brokerage iSella.com leased 2,345 square feet; family office Tom Murphy leased 2,166 square feet, Palmetto Dental leased 1,672 square feet; and marketing firm Interactive Offers leased 1,445 square feet. All were new deals.

The Mizner Park Plaza renewals were: Regus for 16,624 square feet; John Henry for 4,414 square feet; law firms Osborne Associates for 2,754 square feet and Goldman Felcoski for 2,360 square feet; and family physician Dr. William George for 1,224 square feet, the release says.

Mizner Park Plaza is now 93 percent occupied.

Jay Whelchel of Whelchel Partners represented Tom Murphy, and Jonathan Eisenband of Onecore Realty Interactive Offers represented Palmetto Dental. John Marshall of JLL represented Regus, and Peter Reed of Commercial Florida represented John Henry.

Surterra Wellness I Kendall | Miami-Dade County

Medical marijuana dispensary Surterra Wellness opened in the Kendall neighborhood, marking the company’s third location in Miami-Dade County.

Surterra, which is part of medical cannabis operator Parallel, set up shop in a 2,978 -square-foot space at 10755 Southwest 72nd Street, according to a Parallel news release.

MMG Equity Partners, based in Pinecrest, owns the property through an affiliate, property records show. Gabriel and Marcel Navarro, as well as Martin Pico, are MMG managing partners, according to the company’s website.

Parallel, led by CEO James Whitcomb, has dispensaries across the U.S., and is one of 22 licensed medical cannabis operators in Florida. Surterra, led by President Zack Fleming, has stores in Miami Beach at 1523 Alton Road and near Dadeland Mall at 6647 South Dixie Highway, according to its website and the release.

Fabio Trabocchi’s Fiolina Pasta House I Restaurant Row I Boca Raton

Pebb Enterprises leased the biggest space at its Restaurant Row development in Boca Raton to chef Fabio Trabocchi.

Trabocchi’s Fiolina Pasta House will open in a 7,000-square-foot space at 5355 Town Center Road in the second quarter of next year, according to a Pebb news release.

Tom and Chas Prakas of Prakas & Co. represented Pebb in the deal.

Trabocchi, who has received the James Beard award and Michelin stars, is drawing inspiration for the Restaurant Row location from his Sfoglina Pasta Houses in Washington, D.C., according to the release.

Trabocchi is working on Fiolina Pasta House in partnership with his restaurant company’s COO David Murphy. The duo envisions a variety of spaces at the location, including a market for homemade pasta, an open kitchen, bar, a walk-through pasta room, private event spaces, outdoor seating and a dining space that offers the coziness of a living room, according to the release.

Trabocchi’s other restaurants include Spanish seafood and tapas concept Del Mar, Italian coastal cuisine restaurant Fiola Mare and three Sfoglina locations. His flagship Fiola is in Washington, D.C.; Venice, Italy; and in Coral Gables at 1500 San Ignacio Avenue.

Boca Raton-based Pebb, led by CEO Ian Weiner, is developing the 22,500-square-foot Restaurant Row, where Pubbelly Sushi and El Camino also have signed leases, the release says. The project is expected to be completed in the third or fourth quarter. It is next to Simon Property Group’s Town Center at Boca Raton mall.

Chef Michael Schulson’s Double Knot I Wynwood Walls I Miami

Chef Michael Schulson will open the first Double Knot restaurant in Miami at Goldman Properties’ Wynwood Walls.

The sushi and pan-Asian cuisine restaurant will open early next year in about 4,500 square feet at the former Wynwood Kitchen & Bar space, according to a Goldman Properties news release. The building is at 2550 Northwest Second Avenue.

The property will have outdoor seating inside Wynwood Walls, the release says.

Schulson, who is opening the restaurant through his Schulson Collective, has one other Double Knot location at a Goldman Properties building in Midtown Village in Philadelphia.

Goldman Properties, whose late founder Tony Goldman made a career of identifying and breathing life into long-overlooked neighborhoods, was a pioneer investor and developer in
Wynwood, a former rundown warehouse district. Scott Srebnick is the CEO of Goldman Properties.

Stok Kon + Braverman I 1 East Broward I Fort Lauderdale

Law firm Stok Kon + Braverman opened an office at downtown Fort Lauderdale’s 1 East Broward.

Stok Kon signed an 11-year, 9,285-square-foot lease at the 19-story building at 1 East Broward Boulevard, according to a news release from the landlord’s broker. Robert Stok is the firm’s managing principal.

Neil Merin and Adam Starr of NAI/Merin Hunter Codman represented the landlord.

A joint venture between Pacific Coast Capital Partners and NAI/Merin Hunter Codman, through an affiliate, bought the property, which includes a five-story building, in 2018 for $108.5 million. The two office buildings are connected to a garage through an elevated, air conditioned pedestrian walkway.

The landlords put in millions of dollars toward improvements, including the lobby, other common areas, lighting, elevators and bathrooms, according to the release. In addition, the security access card and visitor management system have been modernized.

1 East Broward includes a gym with Peloton bikes, 24/7 security, on-site dining and concierge services.





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