News

Jun
26

Douglas Entrance Office Parc, Coral Gables’ landmark office campus, is undergoing a $7 million makeover. Miami-based Banyan Street Capital, along with capital partner Oaktree Capital Management of Los Angeles, are undertaking the modernization project to restore the property’s iconic status as the original entrance to Coral Gables, all with the goal of maintaining the property’s appeal among top-tier domestic and multinational users.

Construction work has already begun and is expected to be completed over the next year, with upgrades being made to the complex’s common areas and amenities, including its main office lobbies, elevators, corridors, restrooms, parking garage, directional signage, and conference center. Additional improvements include the installation of new artwork throughout the campus, new landscaping in the main courtyard, as well as updated design finishes and furniture. “Douglas Entrance Office Parc is one of the most well-recognized and well-located office properties in Miami, surrounded by some of Miami’s top residential neighborhoods and situated just a few minutes away from Miami International Airport,” said Juan Ruiz, executive vice president of Blanca Commercial Real Estate. “These renovations and improvements will complement the asset’s unique features and illustrate the ownership’s commitment to delivering a premier office campus environment for current and future tenants.”

The six-acre, five-building complex includes a mix of Class A high-rise office towers, street-level retail, boutique office suites and event space. Amenities include a lushly landscaped, WiFi-connected outdoor courtyard plaza; on-site dining and catering; fitness center; meeting and event space; ATM banking; shared tenant conference facilities; complimentary shuttle and car service; and ample deck parking with an above market ratio of 3 spaces per 1,000 square feet. Among the key factors driving tenant interest in Douglas Entrance Office Parc is its convenient location at the entrance to Downtown Coral Gables, at the intersection of Douglas Road (SW 37th Avenue) and SW 8th Street at 800 S. Douglas Road. The property offers fast access to the nearby Miami International Airport, downtown Miami, and major thoroughfares, including the Dolphin Expressway (SR 836), the Palmetto Expressway (SR 826), I-95 and US-1. Dozens of high-end retail shops, restaurants and hotels are in close proximity, with Downtown Coral Gables and the popular Miracle Mile shopping and dining district just a few blocks away and accessible via an on-site Coral Gables Trolley stop.

The property received LEED-Silver certification from the U.S. Green Building Council in 2009, and is listed on the National Register of Historic Places. Available spaces range in size from approximately 1,000 square feet and up, with lease rates between $34 and $36 per square foot. For leasing opportunities, please contact Juan Ruiz or Elizabeth Vergara of Blanca Commercial Real Estate at (305) 577-8850.

Sep
30

Fresh off the acquisition of one of South Florida’s most iconic properties, Miami-based Banyan Street Capital and Oaktree Capital Management of Los Angeles have selected Blanca Commercial Real Estate as the exclusive leasing agent for the Douglas Entrance Office Park in Coral Gables. The landmark office campus, located at 800 S. Douglas Road, is a 467,325 square foot, five-building complex including a mix of Class A high-rise office towers, street-level retail, boutique office suites and event space.

News of Blanca Commercial Real Estate’s latest assignment at the Douglas Entrance Office Park follows Banyan and Oaktree’s recent acquisition of the asset from Chicago-based Pearlmark Real Estate Partners for nearly $101 million. The property enjoys a prestigious tenant roster that includes MasTec, Simply Healthcare and AECOM.

Spearheading leasing and marketing efforts for the Douglas Entrance Office Park on behalf of Blanca Commercial Real Estate will be Executive Vice President Juan Ruiz and Associate Vice President Alexander Cahlin.

“The Douglas Entrance Office Park in Coral Gables is one of the most well-recognized and well-located office properties in Miami, situated just a few minutes away from Miami International Airport and every major employment center in Miami-Dade County,” said Tere Blanca, president and CEO of Blanca Commercial Real Estate.

Among the key factors driving tenant interest in the Douglas Entrance Office Park is its convenient location at the entrance to Coral Gables, at the intersection of Douglas Road (SW 37th Avenue) and SW 8th Street. The property offers fast access to Miami’s major thoroughfares, including the Dolphin Expressway (SR 836), as well as the nearby Miami International Airport. Dozens of high-end retail shops, restaurants and hotels are within close proximity, with Downtown Coral Gables and the Miracle Mile shopping and dining district just a few blocks away.

“The complex is an ideal leasing option for a range of tenants – from small boutique firms to large multinational companies – seeking easily-accessible, quality office space in the heart of Miami-Dade County,” said Juan Ruiz, executive vice president of Blanca Commercial Real Estate.

Amenities at the Douglas Entrance Office Park include a beautifully landscaped, WiFi-connected outdoor courtyard plaza; on-site dining and catering; fitness center; meeting and event space; ATM banking; shared tenant conference facilities; complimentary shuttle and car service; and ample deck parking with an above market ratio of 3 spaces per 1,000 square feet. The property received LEED-Silver certification from the U.S. Green Building Council in 2009, and is listed on the National Register of Historic Places.

The Douglas Entrance Office Park currently offers available space ranging in size from 1,300 to 30,000 square feet, with lease rates between $28 and $36 per square foot. For leasing opportunities, please contact Juan Ruiz or Alexander Cahlin of Blanca Commercial Real Estate at (305) 577-8850.  
 
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About Blanca Commercial Real Estate:
Blanca Commercial Real Estate provides brokerage and advisory services to owners and users of commercial real estate with personalized and experienced counsel at every step of the transaction. Practice areas include landlord representation, tenant representation, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, please visit www.blancacre.com

Media Contact:
Schwartz Media Strategies
Aaron Gordon: (305) 962-3292 / aaron@schwartz-media.com
Allie Schwartz: (305) 308-6351 / allie@schwartz-media.com

Aug
30

Thanks for visiting our new site. We have spent the last few weeks putting together something that reflects the property and offers lots of new features (tenant area, directory and photo gallery).

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