UNITED DATA TECHNOLOGIES MOVES HEADQUARTERS TO NEWLY CONSTRUCTED MIRAMAR TECH CENTER, TWO NEW TENANTS COMPLETE LEASE TRANSACTIONS

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UNITED DATA TECHNOLOGIES MOVES HEADQUARTERS TO NEWLY CONSTRUCTED MIRAMAR TECH CENTER, TWO NEW TENANTS COMPLETE LEASE TRANSACTIONS

MIAMI December 12, 2018 – Blanca Commercial Real Estate, Florida’s leading independently owned commercial real estate brokerage firm, today announced its completion of two lease transactions totaling 13,536 square feet at the Miramar Tech Center, located at 2900 Monarch Lakes Blvd., Miramar, FL 33027. The news follows the recent occupancy of United Data Technologies into the three-story Class A office building offering approximately 56,710 rentable square feet.

The leases include new tenant 03b Networks (7,011 sf), a subsidiary of SES Networks and the world-leading satellite operator with over 50 satellites in geostationary Earth orbit and 16 in medium Earth orbit, which was represented by Juan Jaramillo of FGI Realty; and the University of Florida’s Warrington’s College of Business (6,525 sf) represented by Franklin Street Tom Farmer. They join recent occupant and building owner UDT (21,155 sf), a technology enabler that helps clients in major industries evaluate, architect, secure and manage technology in mobile, on premise and in the cloud.

“We are thrilled to have facilitated the completion of these lease deals with top organizations on the vanguard of technology and business who appreciate everything this new property has to offer,” said Juan Ruiz Executive Vice President of Blanca Commercial Real Estate. “Its central location and ability to attract top talent from the area makes this property an ideal choice for any company with its eye towards the future.”

Added Henry Fleches, CEO of UDT: “The Miramar Tech Center features some of the most advanced redundancy and backup systems in the area making it a perfect solution for any company with a robust need to provide continuous, noninterrupted service, or for any organization looking to ensure business continuity.”

The Tech Center is located in the heart of Miramar and boasts full generator backup power, wind-rated impact glass, electric car charging stations, dual HVAC chillers, heavy power and multiple telecommunication carriers and feeds to ensure redundancy and business continuity. The building is also hardened for hurricane resistance and offers high-end conferencing facilities and garage parking of 5.3 per 1,000 square feet.

More information and office leasing opportunities at the Miramar Tech Center are available by contacting Juan Ruiz or Mike Nathanson with Blanca Commercial Real Estate at (305) 577-8850.

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in South Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a unique methodology, data-driven insight, vast network and deep community roots. Practice areas include landlord representation, tenant representation, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com

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Downtown Miami Office Buildings Landing More Tech Companies

Miami didn’t land Amazon.com’s massive second headquarters, but the city’s downtown has attracted a larger share of technology companies in recent years, according to a new study of the office  market by the Downtown Development Authority (DDA).

The annual report was produced by the Miami DDA in conjunction with Cushman & Wakefield. From 2013 through the first quarter of  2018, over 700,000 of office leases were signed by new-to-market firms in downtown Miami, representing 58 percent of all new-to-market leases in Miami-Dade County.

For technology firms, downtown Miami attracted 72 percent of the new-to-market leases countywide. That includes offices for Facebook, Uber, Twitter, Expedia, and Google, said Danet Linares,  vice chair of Blanca Commercial Real Estate and leader of the DDA’s office market advisory group.

County business leaders have been trying to attract more high-paying tech jobs. Although it has made progress, Miami still trails cities such as New York, Boston, San Francisco and Washington, D.C. as a tech hub.

Technology companies made up 19 percent of the new-to-market leases in downtown Miami from 2013 through the first quarter of 2018. Linares said downtown is the ideal environment for many tech firms because it very walkable, there’s plenty of housing, a young population, public transportation, and plenty of restaurants.

“They will make decisions based on quality of life issues,” Linares said.

However, tech companies accounted for only 6 percent of all office leases signed downtown since 2013, compared to 26 percent for law firms, 16 percent for financial services, 11 percent for healthcare, 11 percent for real estate firms, and 10 percent for banking.

Downtown Miami is home to the largest concentration of banks and financial institutions outside of Manhattan, according to the DDA study. It boast 60 international banks, 100 alternative investment firms, and offices of four of the world’s largest accounting firms.

Office rents in downtown Miami have been increasing in Class A buildings in recent years, Linares said. The office vacancy rate downtown has increased slightly to 14 percent, but Linares said that’s a positive given that two major office buildings — Brickell City Centre and MiamiCentral — were recently delivered. Brickell City Centre’s office is fully leased while MiamiCentral is nearly full, she added.

“We have a few buildings in the pipeline to be constructed and they are talking to companies looking for 60,000 to 100,000 square feet of space,” Linares said.

By Brian Bandell, Senior Reporter
South Florida Business Journal