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Continucare Signs 9,816-SF Lease

MIAMI-The five-year office lease, at Airport Corporate Center, a large mixed-use business park here, is worth about $859,000. It brings the more than one-million-sf park to 88% occupancy.

By Melissa Bogdany | Updated on August 03, 2004

MIAMI-In a deal valued at approximately $859,000, Continucare Corp. signed a lease for 9,816 sf of space at Airport Corporate Center, a more than one-million-sf, mixed-use business park in the city. The lease, at 7200 Corporate Center Dr., is for five years and translates to about $17.50 per sf.Tony Puente, vice president, Richard Bamonte, vice president, and Janette Sanchez, an associate, all with CB Richard Ellis, represented the property owner, Miami RPFIV Airport Corporate Center Associates LLC, in the transaction. Charlie Barton of Cresa Partners represented Continucare Corp.Locally based Continucare, founded in 1996, is a holding company with subsidiaries that provide outpatient and home healthcare services mainly to Humana HMO clients in Florida. The company contracts with doctors to give primary care services at its 15 clinics. The company also provides administrative services, including contract negotiations, risk management and accounting.Airport Corporate Center, located at the western end of Miami International Airport, contains 11 buildings–four class A office buildings with a total of 632,680 sf, two classB office buildings totaling 173,810 sf, four flex/office showroom buildings with 168,235 sf total and one 43,752-sf warehouse building. The park is currently 88% leased. The park has signed more than 200,000 sf in the past year.

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