New Office Leases At Optima Evidence Growing Office Demand For Aventura
South Florida’s new-to-market office demand continues growing into the Aventura/Hallandale market
As new-to-market activity in South Florida expands into the Aventura/Hallandale market, leasing and interest in the area’s premier office campus, Optima, is continuing to grow. In recent months, lease deals totaling over 58,000 square feet have been completed at the “Class A” project, further evidencing the flight to quality office assets in the region.
Specifically, the Optima campus is comprised of three buildings – the White Tower, the Red Tower, and the new Onyx Tower, which is slated to deliver in the third quarter of 2021.
The Optima campus is noted as South Florida’s first “Class A” office tower delivered in an Opportunity Zone, which can provide attractive tax benefits to tenants. All three towers are LEED Platinum Certified and boast expansive city and ocean views.
The new 300,000 SF Optima Onyx Tower has been designed to meet the needs of the most discerning tenants. A case in point: Kawa Capital, which recently leased the penthouse floor, expanding its existing 18,607 SF corporate offices at the property by an additional 8,293 SF.
Most recently, Safra National Bank of New York leased 15,321 SF in the Optima White Tower to relocate its corporate offices from another location in Aventura and Safra National Bank’s affiliate, Safra Pay, also recently inked a lease for 6,248 SF, bringing the Optima White Tower and the Optima Red Tower to almost 100% leased.
Other completed lease deals include: 4,023 SF in the Optima Red Tower by Makeover Aesthetics, a state-of-the-art Medical Spa/Clinic; and 11,400 SF in the Optima White Tower by WM Partners, a private equity firm.
“Optima has been designed and built to improve performance across all metrics that matter most to today’s office tenants, including health and wellness-focused design, energy savings, water efficiency, reduction of CO2 emissions and indoor environmental quality – not to mention ‘Class A’ quality, attention to detail and forward-thinking design,” said Jorge Bromberg, the developer and managing partner of Inmobilaria Brom. “As part of its unique integration of art, design and wellness, the Optima office campus also features a focus on sustainability, including full-height, double-skin, large missile impact glass, hurricane-proof glazing to keep temperatures cool while using less electricity, and an above-code generator to ensure business continuity to tenants during a power outage.”
Indeed, Optima – noted as “The Art of Work” – is redefining and elevating industry standards. Consider: The campus features expansive bay views and a one-acre, open-air rooftop amenities terrace, which includes a state-of-the-art fitness center, lap pool, jogging trail and lush green space. It also features anti-microbial elevator buttons and door handles, EPA registered anti-microbial paint, touch-free amenities such as entryways, faucets, and dispensers, MERV 13 air filters with UV lighting, and lushly landscaped outdoor spaces designed to enhance wellness, innovation and productivity.
“The developers were true visionaries in creating a destination world-class office campus that meets the new requirements of the growing number of top corporations from across the country looking to establish or expand their presence in South Florida,” said Tere Blanca, CEO of Blanca Commercial Real Estate, the property’s leasing agent. “In addition to its prime central location in Aventura and Hallandale offering panoramic ocean views from every office floor, Optima is located just five minutes from the new Brightline Aventura Train Station via Optima’s shuttle service providing convenient access to downtown Miami, downtown Fort Lauderdale and downtown West Palm Beach via state of the art passenger rail service.”
The Optima White Tower and the Optima Red Tower have received many awards for their sustainable and innovative design, and the Onyx Tower is well-positioned to follow suit when it delivers.
Some background on the developer: Jorge Bromberg is managing partner of Inmobiliaria Brom, which was founded in 1972 as a real estate development, investment, and management company focused on Mexico City’s high-end residential and office markets. For more than four decades, Inmobilaria Brom has successfully developed several office towers, always delivering buildings with state of the art architecture and design that serve as the headquarters of many leading multinational companies in the financial, technology, and energy sectors. It currently manages more than 1,000,000 square feet of office space in Mexico City and South Florida.
More information on Optima is available at www.optimatowers.com. Lease opportunities are available by contacting by contacting Tere Blanca, Juan Ruiz or Randy Carballo with Blanca Commercial Real Estate at (305) 577-8850.
Optima Tower: Opportunity Zone Brings Significant Tax Benefits
Optima Tower is located in an Opportunity Zone, enabling companies to benefit from three simple, effective, tax reductions built into the Opportunity Zone Program.
Using a Qualified Opportunity Fund to invest capital gains, companies can maximize investment in starting, growing, and adding new lines of business to take advantage of the program and maximize returns.
- Investors can defer paying taxes on the capital gains they invest into a Qualified Fund until they sell their interest in the Qualified Fund or December 31, 2026, whichever is earlier.
- Investors who hold their interest in a Qualified Fund for five years will receive a 10% tax reduction on what was invested into the fund.
- Investors who maintain their investment in the Qualified Fund for at least 10 years do not pay capital gain tax on the appreciation of their capital gains interest in the Qualified Opportunity Fund when that interest is sold.