PRLog - June 11, 2010 - MIAMI -- One Park Square at Doral, a new class-A office building located in the heart of the City of Doral, Florida, has finalized lease agreements with two tenants new to the Doral office market: The Latin Recording Academy®, the organization that produces the Latin GRAMMY® Awards, and the international computer distribution firm Retailnova, Inc. They will occupy a combined 5,592 square-feet of space in the 281,000 square-foot, 11-story building, with the nonprofit Latin Recoding Academy occupying 3,700 square-feet and Retailnova, Inc. taking 1,892 square-feet. Financial terms of the deals were not disclosed.
One Park Square
Tere Blanca of Blanca Commercial Real Estate and Darryl Robinson of Oak Hill Advisors represented One Park Square developer Shoma Group in the transactions.
“One Park Square at Doral is an ideal address for companies and organizations like The Latin Recording Academy and Retailnova – tenants with strong international ties seeking proximity to Miami International Airport, South Florida’s major expressways, and the large residential communities of western Miami-Dade County,” said Tere Blanca, President and CEO of Blanca Commercial Real Estate. “In addition to its convenient location, One Park Square at Doral benefits from strong, well-capitalized ownership that is committed to this project and the Doral market over the long term. Assets like these are fueling the flight to quality trend that has prevailed for the past year.”
The Latin Recording Academy will relocate to One Park Square in the next few months, a move that was spurred in large part by Doral’s strong quality of life quotient, diverse business community, and continued emergence as a hub for companies and organizations.
“Among the driving factors in our decision to relocate to One Park Square was the concept of locating to an area that is fast becoming a magnet for very diverse entities, particularly those with strong ties to the Americas,” said Gabriel Abaroa, President of The Latin Recording Academy. “Also contributing to our decision was Doral’s vibrant retail base and track record of serving as national and regional headquarters to some of the largest companies in the city. As we look toward the future, we are excited to relocate our main offices to this beautiful facility, which will be home to our staff and our members."
Offering a diverse population that has nearly doubled in size this decade, world-class golf and spa amenities at the Doral Golf and Country Club, and a host of popular retail businesses and restaurants, Doral is one of the most business-friendly cities in Florida. In fact, Doral is home to 9,000 businesses, including several Fortune 500 companies, that employ more than 150,000 people each day. In 2008, Fortune Small Business and CNN Money ranked Doral 51st on a list of the 100 cities with the best mix of business advantages and lifestyle appeal.
One Park Square, located at 3470 NW 82nd Avenue in Doral, Florida, is the first phase of Park Square at Doral, a 51-acre mixed-use development that includes office, retail, hotel, and multifamily residential properties. The building offers panoramic views and ample covered parking in a five-story garage. Floor plates measure 38,846 square-feet. For leasing information, please contact Tere Blanca of Blanca Commercial Real Estate, (305) 577-8850, or Darryl Robinson of Oak Hill Advisors at (305)-282-3259. Learn more at www.parksquareatdoral.com.
About One Park Square at Doral
Developed by Shoma Group, One Park Square at Doral is the commercial centerpiece of Park Square at Doral, a 51-acre mixed-use development that includes office, retail, hotel, and multifamily residential properties. Located at 3470 NW 82nd Avenue, the One Park Square at Doral office park offers immediate access to Miami’s world-class international airport and major thoroughfares, and is surrounded by numerous corporate headquarters and Fortune 500 companies. Visit www.parksquareatdoral.com for further information.