DORAL, FL-In a deal that marks the largest new office lease in Miami this year, Amadeus, a Miami-based technology provider to the travel industry, has leased about 105,000 square feet of space at One Park Square. The announcement comes at the heels of news that New Boston Fund acquired controlling interest in the new 281,623-square-foot, 11-story, class A office building in the Airport West market.
Tere Blanca, president and CEO, and Danet Linares, executive vice president of Miami-based Blanca Commercial Real Estate, along with Darryl Robinson of Oak Hill Advisors, represented New Boston Fund. Studley Senior Vice President Bruce Schuman and Corporate Managing Director Tom Capocefalo represented Amadeus. Specific terms of the deal were not disclosed, but Blanca says negotiations were underway for months before New Boston Fund inked its deal with Shoma Development to recapitalize the asset.
“This deal is a terrific testament to the Miami market and the Airport West market,” Blanca tells GlobeSt.com. “Amadeus could have relocated its North American headquarters anywhere, but they chose to remain in the Airport West market long-term. This deal speaks to the attributes Miami offers multinational companies in a variety of industries.”
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