MIRAMAR, Fla. – More than one million square feet has been leased in 2011 in the Miramar Park of Commerce (top left photo) with 60 percent of new tenants coming from healthcare related companies.
The Park had a slightly positive absorption rate. The vacancy rate in the Park closed out the year at 5 percent.
“In 2011, we were fortunate to retain tenants as well as sign several healthcare and biotech companies, adding to the Park’s well established healthcare hub,” said Andrew Ansin (lower right photo), vice president of Sunbeam Properties, developer of the Miramar Park of Commerce. “Companies moving to the Park capitalized on the fact that our rates were among the lowest in the market.”
The healthcare and biotech company surge in the Park was led by OPKO Health, Inc. (NYSE Amex:OPK) which opened a 17,000 square-foot office and lab in the Park.
In Miramar, OPKO will continue in the research of molecular diagnostics and use breakthrough technology to develop an innovative approach to various diseases. In addition to OPKO, healthcare companies Dr. Diabetic, WeCare Health Plans, Surpass Medical, CarePoint Partners, Hero Medical and IMED Health Products all moved to Miramar Park of Commerce in 2011.
The surge was bolstered by renewals or expansions of existing tenants Altor BioScience, HCA, Univita, Neoptx, Aveva and Apria Healthcare. Other existing healthcare companies in the Park include GE Healthcare, Quest Diagnostics, Vitas Healthcare, CAPS, a division of BBraun, and Memorial Hospital.
New speculative warehouse space is scheduled for 2012. For more information, contact Maridee Bell, Ryan Goggins or Andrew Ansin at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.
Media Contact:
Maria Pierson
954-776-1999, ext. 222
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