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| The Taylor & Mathis of Florida Miami-Dade Leasing Team, from left: Andrew Trench, Nicole Gamarra, Brian Gale, Jeannette Mendoza and Ryan Holtzman |
Miami,
FL, Jan. 29, 2014 -- The Taylor & Mathis of Florida
Miami-Dade leasing team had a record breaking year in 2013.
The
team whose leasing portfolio encompasses four million square feet of office
space throughout Miami-Dade as well as an office tower in West Palm Beach
completed over 100 leases last year.
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| Brian Gale |
The
leases totaled nearly 700,000 square feet and were valued at $165 million.
“The office market is sizzling right now,”
said Taylor & Mathis Principal Brian Gale.
“Rents are increasing and tenant concessions
are beginning to dwindle. Most of the tenant expansions have been in the field
of professional services which include law firms, accounting firms, insurance
agencies, etc.
“The
Downtown/Brickell market was the hottest of the Miami-Dade submarkets in 2013
and is showing no sign of slowing down. Rental rates are increasing as is the
absorption of vacant spaces.
“Throughout
our 4 million square foot portfolio, we leased over 322,000 square feet of new
leases, 276,000 square feet of renewals and over 92,000 square feet of expansions.
We did six leases over 30,000 square feet and two were over 40,000 square feet.”
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| Andrew Trench |
Taylor & Mathis leasing team includes Brian
Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza.
Key
lease deals included:
· Akerman Senterfitt’s 40,000 square
foot lease and Morgan Stanley’s 30,000 square foot renewal at Phillips Point in
West Palm Beach
· GrayRobinson’s 35,500 square foot
lease at Wells Fargo Center in Downtown Miami
· Quest Workspaces’ 20,000 square foot
lease at 777 Brickell and 37,000 square foot lease at Espirto Santo Plaza in
Miami’s Brickell Financial District
· Weil Gotshal & Manges’ &
Fowler White Burnett’s renewals at Espirito Santo Plaza
“One of
the keys to the leasing team’s success was securing renewals and expansions,” said
Andrew Trench, Taylor & Mathis Leasing Director.
“Many
of our existing tenants were courted heavily by nearly every Brickell and
Downtown Miami office building including the new developments.
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| Phillips Point, West Palm Beach, FL |
“The
key to getting those deals done was our existing relationships and our
outstanding management teams. We were able to negotiate and finalize those
renewals relatively smoothly, despite the market aggressively pursuing them.”
Taylor & Mathis was named Property
Management Company of the Year at the 2013 Miami-Dade BOMA awards.
For a complete copy of the
company’s news release, please contact:
Brian
Gale, Principal, Taylor & Mathis
(305)
476-8880 bgale@taylormathis.com
Andrew
Trench Leasing Director, Taylor & Mathis
(305)
476-8880 atrench@taylormathis.com
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