Ferrell Schultz Carter Zumpano & Fertel is expanding and taking 23,537 sf for 10 years at an estimated total rent of $7.53 million. Black, Srebnick & Kornspan is extending its 6,002-sf lease for another three years at an estimated rent of $576,192.

Average quoted full-service rents are $29 per sf to $34.50 per sf, according to Jones Lang LaSalle Americas Inc. which manages the property for owner Crescent Miami Center LLC.

Eric S. Siegrist of Jones Lang LaSalle represented tenant and property owner in the Ferrell Schultz transaction. Barbara Liberatore and Matthew Goodman of Cresa Partners negotiated for Black Srebnick. Siegrist represented the owner.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.