Brian Gale Sees No Slowdown in Sight

The T&M Florida Miami-Dade Leasing Team Nicole Gamarra, Ryan Holtzman, Jeannette Mendoza, Andrew Trench & Brian Gale
The T&M Florida Miami-Dade Leasing Team
Nicole Gamarra, Ryan Holtzman, Jeannette Mendoza, Andrew Trench & Brian Gale

Taylor & Mathis of Florida Miami-Dade’s leasing team had another stellar leasing year in 2015.  The team, whose leasing portfolio encompasses 4.7 million square feet of office space throughout Miami-Dade as well as the trophy office tower in West Palm Beach (Phillips Point), completed 85 leases in 2015.  The leases totaled over 472,000 square feet and were valued at $138 million.  “The office market is sizzling right now,” said Taylor & Mathis Principal Brian Gale. “Rents are increasing and tenant concessions are dwindling, as space is being absorbed throughout the county. It’s a Landlord’s market. The Airport West market was the hottest of the Miami-Dade submarkets in 2015 and there is no sign of it slowing down.”

The T&M Florida leasing team includes Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza and coordinator, Nicole Gamarra. Throughout the team’s Miami-Dade portfolio in 2015, they leased 220,000 square feet of new leases, 172,000 square feet of renewals and 80,000 square feet of expansions. Most of the tenant expansions have been in the field of professional services, which include law firms, accounting firms, insurance agencies, etc. The greatest activity came from the eight building Waterford at Blue Lagoon portfolio with 167,000 square feet of leases and One Biscayne Tower with over 107,000 square feet of leases. Key lease deals throughout the team’s portfolio included:

  • 57,000 square foot lease at Waterford – Airport East Submarket (healthcare company)
  • Univision’s 40,000 square foot lease at 9250 Doral – Airport West/Doral Submarket
  • National General’s 30,000 square foot least at 6101 Waterford – Airport East Submarket
  • Broad & Cassel’s 26,000 square foot renewal at One Biscayne Tower – Brickell Submarket
  • Jackson Lewis’ 22,800 square foot renewal & expansion at One Biscayne Tower – Brickell Submarket
  • CMA CGM’s 21,000 square foot renewal & expansion at One Biscayne Tower – Brickell Submarket
  • SilverSea Cruises’ 16,300 square foot deal at Wells Fargo Center – Downtown Miami

“The key to making deals in today’s fast paced market is to try and stay ahead of the competition. If you are doing a renewal, you have to start the process early, with some hand holding. Regarding expansions, it’s important not to land lock tenants in their pursuit for additional space and with new leases, well, you have to distinguish your building from the rest and promote the amenities, which separates your building,” said Gale.  2016 is setting up to be a big year for landlord’s to push rents and absorb their vacancies.

Back to Back TOBY’s for Center Point Business Park

The Building Owners and Managers Association (BOMA) of Greater Tampa Bay recognized the winners of the 2015 Outstanding Building of the Year (TOBY) awards November 12th. The award for the Outstanding Industrial Building(s) went to Center Point Business Park, submitted by Robert Smith, Taylor & Mathis of Florida, LLC, owned by IP Capital Partners. Center

Ryan Holtzman Named to Real Estate Forum’s Fifty Under 40

Taylor & Mathis Leasing Director Ryan Holtzman has been named to Real Estate Forum’s Fifty Under 40 list. He was selected from a pool of more than 500 young professionals representing the cream of the crop of the commercial real estate industry. “Ryan is the ultimate professional. He works hard, keeps his clients happy and has the ability

Andrew & Brian Snag Largest Office Deal in Doral

Univision Leases 40,000 SF at 9250 Doral – Largest New Office Deal in Miami’s Airport West/Doral Market Univision, an American Spanish language broadcast television network, has signed the largest new office lease this year in the Airport West/Doral market.  The firm leased 40,000 square feet at 9250 Doral. The 12-year, $14 million deal was brokered by

We Love to See Our Tenants Grow!

Congratulations to two of our 355 Alhambra tenants on their growth.  The Navigators Group, Inc and Catalyst Pharmaceuticals have doubled the size of their offices at the Coral Gables landmark building. The Navigators Group, Inc. an international specialty insurance holding company recently signed a 7,500 square foot renewal & expansion. Navigators has offices in the

MetWest’s Brad Gets New Assignment

MetWest’s Southeastern Guide Dog, Brad raised by Senior Property Manager Jennifer Hatchett, has gotten his orders!  Senior Chief Brad is in the Navy!  He has been assigned as a facility therapy dog at Joint Base Andrews!  Jen is bursting with pride.  Job well done Jen!

Nature Conservancy Relocates to Maitland’s Park Center

The conservation organization has leased 10,648 square feet and will relocate 50 employees from its current location in Altamonte Springs to Park Center, a four-story, 102,169-square-foot Class A office building in Maitland Center Office Park. Damien Madsen head of our Orlando office represented the landlord, Park Center SPE LLC, an affiliate of Miami-based Banyan Holdings in the transaction.

One Biscayne Tower Views Drive 75,000+ SF of Renewals & Expansions

Law firm renewals & expansions are driving recent leasing activity at One Biscayne Tower, a building that has seen over 100,000 square feet of leasing this year.  Three law firms have signed renewals and expansions totaling nearly 55,000 square feet with an additional 21,000 square foot renewal & expansion signed by French container transportation and

355 Alhambra Named USGBC GalaVerde Award Finalist

Congratulations to Senior Property Manager Lisa Mitchell and her team! 355 Alhambra (Coral Gables) has been named a finalist for the Most Outstanding LEED EB:OM (Existing Buildings: Operations & Maintenance) Project Award. The U.S. Green Building Council (USGBC) South Florida Chapter has announced the Finalist Nominees for the nonprofit organization’s upcoming GalaVerde, its 2015 LEEDership and Green Awards Program.