Among the deals was Safeco Life Insurance Co., which renewed its 17,124-sf lease for class A space. This short-term lease is for the 7300 Building. Insignia/ESG brokers Tony Puente, Richard Bamonte and Janette Sanchez, all associate directors, represented the property owner, Miami RPFIV Airport Corporate Center Associates LLC, in the transaction.
Also in the 7300 Building, Fortis Benefits Insurance Co. renewed its 3,608-sf, class A office lease for a term of five years. Puente, Bamonte and Sanchez represented Miami RPFIV Airport Corporate Center Associates LLC in the deal. Felicia Refienburgh of Stiles Realty Co. represented Fortis Benefits Insurance Co.
In addition, Luxottica Sun Corp. signed a new, 1,951-sf, class A office lease in the 7300 Building. The eyewear manufacturer and distributor inked a three-year deal. Puente, Bamonte and Sanchez represented Miami RPFIV Airport Corporate Center Associates LLC.
Also, Mexicana Airlines renewed its 1,944-sf, class B office lease short term. This tenant is in the park's 7205 Building. Puente, Bamonte and Sanchez represented Miami RPFIV Airport Corporate Center Associates LLC in the transaction, and Jose Padilla of St. Augustine Real Estate Advisors represented Mexicana Airlines.
Lastly, SCM USA, a freight forwarding company, signed a new, class B office lease for 1,509 sf in the 7205 Building. Puente, Bamonte and Sanchez represented Miami RPFIV Airport Corporate Center Associates LLC in the three-year deal.
These leases are part of 12 deals Insignia/ESG signed in South Florida in March in what the commercial real estate services provider characterizes as "strong leasing activity." Airport Corporate Center consists of a little more than one million sf in 11 buildings. The business park is about 85% occupied.
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