Doral Office Complex 70% Leased After 5 Tenants Ink New Leases

JLL has completed 40,000 square feet of office leases at Westside Plaza, a three-building Class A property in Doral.

Newly signed tenants and those companies that have either renewed or expanded their office include Marken, Citrus Health, Baxcell Electronic, Mid-America Overseas, and BDP International.

Westside Plaza’s ownership, a joint venture of leading industry investors that include Square2 Capital, Highline Real Estate Capital, and Ascentris, has invested significant capital to enhance existing areas while establishing new elements within the property to ensure tenants to experience more than what they need. This includes upgrades to the lobbies, common areas and restrooms and brand-new amenities such as a state-of-the-art fitness center, a spacious conference room, two grab-n-go markets, a new tenant lounge, along with curated landscape design and shaded outdoor seating, will be complete in early 2024. Demand for nine new spec suites – four pre-leased with two currently under negotiation – led ownership to create ten additional spec office suites.

The JLL brokerage team of Managing Directors Steven Hurwitz, Doug Okun, and Associate Katalin Belauste spearhead the office leasing at the property situated at 8200-8400 NW 33rd Street.

“The City of Doral continues to attract companies and grow as one of Miami’s most acclaimed suburban office markets,” said Hurwitz. “Given Doral’s desirability, the ownership of Westside Plaza has invested in a robust capital improvements program close to completion and, the modern upgrades to the office campus were a key factor in the tenants’ decision to sign a new lease or renew their commitment to the property.”

Situated just west of Miami International Airport, the Doral submarket is near several of Miami’s top destinations, including Downtown Miami and Miami Beach, and Westside Plaza – comprised of three separate Energy Star and LEED Certified buildings ranging in size from 105,000 to 155,000 square feet and offering a wide selection of footprint options – is located within a two-mile radius of more than 100 dining options and less than a ten-minute walk to City Place Doral’s shopping and dining destination.

Tenants in the recent lease transactions at Westside Plaza were represented by Anthony LiVecchi, Vice President, JLL for BDP International; Patricia Quintana, CCIM, Commercial Associate, ComReal for Mid-America Overseas; and Colliers’ Adriana Rosillo, Senior Vice President, with Maggie Kurtz, Senior Managing Director, for Marken.

Over 150,000 employees come to work every day in Doral as the city is home to several Fortune 500 companies and government headquarters, including Carnival, Sears, Brinks, BlueCross Blue Shield of Florida, Univision, and the Federal Reserve Bank. According to the 2020 U.S. Census, Doral is one of the fastest-growing cities in Florida, with the City of Doral Planning and Zoning Department reporting over two million square feet in approved commercial developments.

Source: CRE-sources