The company's appointment comes at the same time that a multi-million dollar renovation of the buildings is almost completed. The renovation includes a new building façade, hurricane resistant windows, landscaping and parking improvements. Eric Groffman, vice president of Transwestern, declined to give a specific figure for the renovation's cost. The properties, which were built in the mid-1970s, are owned by the Keystone Property Group, based in Bala Cynwyd, Pennsylvania.

The three buildings at the Dadeland Office Park, named for the Dadeland Mall which dominates the area, are about 70% leased, says Groffman, who notes that they share the rest of the complex with two other buildings not owned by the Keystone Property Group. The other buildings are known as the Dadeland Towers South.

Groffman says that according to Transwestern research, in first quarter 2010, the overall occupancy rate for A and B Class properties in the 3.3-million-square-foot Kendall submarket was 80.5%. Transwestern only includes buildings with 20,000 square feet or more in its data.

According to Co-Star, the Kendall submarket had negative absorption of 85,635 square feet in first quarter 2010. The average quoted rent for the area is $28 per square foot for Class A and B properties.Although the newly renovated Dadeland Office Park has many efficiencies, says Groffman, the three properties are not LEED-certified.