MIAMI–As more companies enter the South Florida market looking for office space, and existing companies expanding their office footprint, Blanca Commercial Real Estate is winning more landlord representation deals. Blanca just won the leasing assignment for Riviera Corporate Center.
Riviera Corporate Center is a class A office building now under construction at 2750 Southwest 145th Avenue in Miramar, FL. The firm will be responsible for leasing about 72,600 of square feet of rentable space at the development. The office space is set to open in the third quarter of 2016.
Blanca president and CEO Tere Blanca, chairman Danet Linares, and associate vice president Flavia Eternod will lead the marketing efforts for Riviera Corporate Center. Riviera Point Development Group is the project's ownership.
"Riviera Corporate Center will cater to users seeking a central location with easy access to and from both Miami-Dade and Broward Counties, and within striking distance of many desirable neighborhoods," says Blanca. "Offering a convenient location just off I-75 that appeals to companies looking to attract employees from across South Florida, the building will be a natural fit especially for tenants seeking pre-built office suites that are ready for occupancy."
Located in the heart of the City of Miramar, Riviera Corporate Center is surrounded by a multicultural workforce of more than 2.7 million residents living within 20 miles. The site is in close to regional offices for major companies including Humana, L'Oreal, Lucent Technologies, Royal Caribbean, Keiser University and Carnival. Upon completion, the building will be the first office property in Miramar designed and built to achieve LEED certification from the US Green Building Council.
What can we expect in Broward County's office market in 2016? GlobeSt.com turned to Greg Martin, a principal with Avison Young specializing if office leasing, to get some predictions—and he has plenty.
"In 2016, expect to see continued increases in rental rates in Broward and throughout South Florida as new ownership groups implement their underwriting assumptions and vacancies decrease," Martin tells GlobeSt.com. "The market will experience mostly internal, organic growth and absorption from the existing tenant base due to relocation expenses and business interruption costs associated with a move steadily rising."
Also in Broward County office market, Cypress Creek is heating up. Check out my recent column: Miller Legg Sells as Cypress Creek Heats Up.
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