MIAMI—Change. That's the story at Douglas Entrance, a 467,000-square-foot office park in Coral Gables. The park has a new leasing agent and is undergoing massive renovations as Coral Gables' office market continues winning tenant attention.

Banyan Street Capital, along with capital partner, Oaktree Capital Management, just named CBRE the exclusive leasing agent for Douglas Entrance. Banyan traded for $100.75 million in 2014.

"Today Douglas Entrance is currently undergoing a $7 million renovation program which will elevate the tenant experience at the park," says Rudy Touzet, managing partner of Banyan. Upgrades to the office complex's common areas and amenities span the main office lobbies, elevators, corridors, restrooms, parking garage, directional signage, and conference center. Ownership is also installing new artwork throughout the campus, new landscaping in the main courtyard, and updated design finishes and furniture.