DORAL, FL-In a deal that marks the largest new office lease inMiami this year, Amadeus, a Miami-based technology provider to thetravel industry, has leased about 105,000 square feet of space atOne Park Square. The announcement comes at the heels of news thatNew Boston Fund acquired controlling interest in the new281,623-square-foot, 11-story, class A office building in theAirport West market.

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Tere Blanca, president and CEO, and Danet Linares, executivevice president of Miami-based Blanca Commercial Real Estate, alongwith Darryl Robinson of Oak Hill Advisors, represented New BostonFund. Studley Senior Vice President Bruce Schuman and CorporateManaging Director Tom Capocefalo represented Amadeus. Specificterms of the deal were not disclosed, but Blanca says negotiationswere underway for months before New Boston Fund inked its deal withShoma Development to recapitalize the asset.

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“This deal is a terrific testament to the Miami market and theAirport West market,” Blanca tells GlobeSt.com. “Amadeus could haverelocated its North American headquarters anywhere, but they choseto remain in the Airport West market long-term. This deal speaks tothe attributes Miami offers multinational companies in a variety ofindustries.”

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One Park Square is the commercial centerpiece of Park Square atDoral, a 51-acre mixed-use development with a master plan includesoffice, retail, hotel, and multifamily residential properties.Located at 3470 NW 82nd Avenue, One Park Square offers fast accessto Miami’s international airport and major thoroughfares. TheLEED-certified building also offers an exercise facility andcovered parking.

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Capocefalo tells GlobeSt.com that Amadeus considered abuild-to-suit or a lead tenant opportunity in a new building—aswell as several other possible existing buildings in the Miamimarket—before settling on One Park Square for its North Americanheadquarters. One Park Square is down the street from Amadeus’current location.

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“Amadeus believes the restaurants, banks, coffee shops, andresidential properties will eventually be built on this 51-acresite and those amenities are attractive for employee retention,”Capocefalo says. “This is a long-term opportunity that offersoperational efficiencies in a prestigious building. Although therewere early discussions about leaving Miami, Amadeus came to theconclusion that One Park Square was the best location forthem.”

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Amadeus is the second company to decide to stay in Miami inrecent weeks. Blanca also partnered on a lease deal for DiscoveryNetworks Latin American/U.S. Hispanic headquarters. The company hadconsidered moving to Latin America, or a location outside ofFlorida. In September, Discovery instead decided to extend itslease for nearly eight years after the Beacon Council offered thecompany a $2 million incentive from Florida’s Quick Action ClosingFund.

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