TA Associates Realty Taps Blanca Commercial Real Estate to Lease 117,000 RSF of Miami Office Space

PRLog (Press Release) - Jun. 2, 2011 - Blanca Commercial Real Estate has been named the exclusive leasing agent for two office buildings recently purchased by Boston-based real estate advisory firm TA Associates Realty: a 4-story, 57,565 square-foot building located at 5835 Blue Lagoon Drive in Miami; and a 4-story, 59,591 square-foot building at 8550 NW 33rd Street in Doral. This new engagement grows the Blanca Commercial Real Estate leasing portfolio to 1.3 million square feet of office space within two years of the firm’s April 2009 launch. Both properties are currently 100 percent occupied.

The firm was also responsible for the sale of these assets on behalf of Pars Real Estate Investments and Aneli Investments. Blanca Commercial Real Estate President and CEO Tere Blanca and Executive Vice President Danet Linares will spearhead leasing and marketing for the properties along with Associate Andres del Corral.

“This purchase confirms Miami’s Airport West market’s strong appeal to top institutional owners seeking quality assets,” said Tere Blanca, President and CEO of Blanca Commercial Real Estate. “Our top priority will be to secure quality tenants as space becomes available in these buildings.”

5835 Blue Lagoon Drive is a 57,565 square foot building located within Miami’s Waterford Blue Lagoon Corporate Park. The building offers direct exposure to the Dolphin Expressway (SR 836) and Miami International Airport. Current tenants include Ascendant Insurance, American Insurance, Iberia Airlines and Sanus Health. Floor plates range from 10,798 to 16,257 square feet.

8550 NW 33rd Street comprises 59,591 square feet of office space in the heart of Doral, Florida. The location is in close proximity to Miami International Airport, the Palmetto Expressway (SR 826), the Dolphin Expressway (SR 836) and Florida’s Turnpike. The building’s existing tenant base is anchored by Univision. The property’s parking ratio is 3.5 : 1,000 square feet leased. Floor plates range from 12,322 to 15,762 square feet.
           
“These buildings offer a quality environment in Miami’s most central locations and are an ideal leasing option for domestic and multinational tenants seeking close proximity to Miami International Airport, the region’s main highways, and the rapidly-growing residential areas of western Miami-Dade County and Southwest Broward,” said Blanca Commercial Real Estate Executive Vice President Danet Linares. “In a market that has seen many tenants look to upgrade their office space, assets boasting premium locations and well-capitalized owners – buildings such as these – will continue to attract a strong tenant mix well into the future.”

For leasing information, please contact Tere Blanca or Danet Linares of Blanca Commercial Real Estate at (305) 577-8850.

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Blanca Commercial Real Estate provides brokerage and advisory services to owners and users of commercial real estate. Drawing on more than 85 years of combined industry experience, Blanca Commercial Real Estate’s professionals offer clients a unique blend of market expertise and strong regional, national, and international relationships. For more information, please visit www.blancacre.com.

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