NEW YORK and SAN FRANCISCO
and MIAMI, Jan. 4, 2021 /PRNewswire/
-- Shorenstein Properties, LLC ("Shorenstein"), an
owner and operator of high-quality office, residential and
mixed-use properties across the U.S., today announced that
Blackstone (NYSE:BX) has signed a 41,000-square-foot lease at 2
MiamiCentral in Downtown Miami. Blackstone intends to create a
new office to expand the firm's in-house technology capabilities
with plans to hire more than 200 tech-focused employees in
Miami in the coming years.
Following today's announcement, 2 MiamiCentral is now 98 percent
leased to a diverse base of national, institutional tenants
including Carlton Fields, Ernst
& Young and New Fortress Energy. The building is located in
Miami's thriving downtown
district, immediately adjacent to the MiamiCentral train
station.
"Miami is a vibrant city with a
pipeline of top technology talent available from best in class
university programs, as well as an experienced workforce that will
enable us to diversify our talent pool and grow our technology
team. 2 MiamiCentral's prime downtown location and access to mass
transit make it an ideal office location," said John Stecher, Blackstone's Chief Technology
Officer.
"Shorenstein is pleased to welcome Blackstone to 2 MiamiCentral
and Downtown Miami," said
Claude Esposito, Vice President,
Capital Transactions at Shorenstein. "South Florida has long been a strategic focus
for Shorenstein, and Blackstone's commitment to 2 MiamiCentral is a
testament to the property's distinct features and desirable,
transit-oriented location. As the working world continues to
evolve, we remain focused on providing our tenants with
high-quality office spaces that are equipped with cutting edge
technology to prioritize safety and sustainability."
Shorenstein's ownership of properties in South Florida also includes The Main Las Olas
in Downtown Fort Lauderdale, a
newly delivered mixed-use development that includes a 25-story,
385,000-square-foot Class A office building that is currently
leasing to prospective tenants. In addition to the property's
amenities, which include covered and uncovered outdoor terraces
with ocean views, club rooms, lounges, flex multipurpose spaces and
a state-of-the-art fitness center, The Main Las Olas' adjacent
residential tower, Novo Las Olas, will have Fort Lauderdale's first Publix GreenWise on
its ground floor. Publix GreenWise is a grocer that offers a
variety of organic, natural and specialty groceries including a hot
bar with ready-to-go items.
"This is an exciting deal that comes as Miami sees a wave of new-to-market activity.
The South Florida office market is
thriving and continues to attract world class tenants such as
Blackstone," said Danet Linares,
Vice Chairman of Blanca Commercial Real Estate. "This deal affirms
South Florida's position as the
technology hub in the southeast."
Financial terms of the lease were not disclosed. Blackstone was
represented by Alan Kleber and
Ryan Nunes of JLL. Shorenstein was
represented by Danet Linares of
Blanca Commercial Real Estate with support from Andres del Corral and CEO Tere Blanca.
About Shorenstein Properties LLC
Founded in 1924,
Shorenstein Properties LLC is a privately-owned, real estate firm
that owns and operates high-quality office, residential and
mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein has
sponsored twelve closed-end investment funds with total equity
commitments of $8.8 billion, of which
Shorenstein committed $723.5 million.
The firm uses its integrated investment and operating capabilities
to take advantage of opportunities that, at the particular time in
the investment cycle, offer the most attractive returns.
Investments have included ground-up developments, asset
repositioning and stabilized assets; investment structures have
included asset acquisitions, mezzanine loans, preferred equity
investments and structured joint ventures. These funds have
invested in properties totaling 67 million square feet in
transactions with a gross investment value in excess of
$16 billion. More information is
available at www.shorenstein.com.
About Blanca Commercial Real Estate
Blanca Commercial Real Estate, the leading independently owned
commercial real estate brokerage firm in 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 personalized approach, unique
methodology, data-driven insight, vast network and deep community
engagement. Practice areas include landlord representation,
property management, development consulting, tenant representation,
build-to-suit advisory services, and land/investment property
acquisition and disposition. For more information,
visit www.blancacre.com.
Media Contact
NewStar Media
Deidre Krause
dkrause@newstarmedia.com
305.710.8500
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SOURCE Shorenstein Properties LLC