Miami, FL – October 13, 2011 – (RealEstateRama) — CBRE announced today the office lease renewal transaction by HNTB at Flagler West Corporate Park in Miami. HNTB consolidated their previous locations within the building to a single 18,904-square-foot space on the fourth floor. CBRE brokers Noël Steinfeld and Christopher Dekker negotiated the transaction on behalf of the owner, Robertson Property Group. HTNB was jointly represented by Sven Sykes of Colliers International out of Chicago and Stephen Rutchik from Jones Lang LaSalle in Miami.
“The renewal of our largest tenant was of critical importance to the property,” said Dekker, a Vice President with CBRE in Miami. “In addition to a desirable product in a great location, 8700 W Flagler is backed by committed ownership. Robertson Property Group has owned the building for over a decade and is making a huge investment towards operational efficiency over the next 12 months, which was paramount to retaining HNTB.”
The planned improvements specifically target energy efficiency upgrades to the HVAC systems. Built in 1980, the property has carried out numerous aesthetic improvements and operational upgrades in recent years to keep the property in impeccable condition. CBRE is also the property management firm for the asset.
The 126,494-square-foot building sits on 5.74 acres at 8700 West Flagler Street at the intersection of SW 87th Avenue. Recent upgrades include renovations to the building exterior and surrounding landscaping, lobby, common areas and parking lot, as well as mechanical improvements, lighting upgrades and roof replacement.
HNTB is an infrastructure firm serving federal, state, municipal, military and private clients in the markets of transportation, buildings and federal projects.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
Lauren Crawford
813.273.8482
lauren.crawford (at) cbre (dot) com
