MIAMI—In the age of the Affordable Healthcare Act, Florida's healthcare industry continues seeing growth—and some healthcare industry players are expanding office space. One example is DentaQuest, which is relocating and expanding to keep up with demand for its dental benefits administration services.

Cresa advised Boston-based DentaQuest, the third-largest dental benefits administrator in the US, on new office space for its call center in Miami. DentaQuest is doubling its office space. The firm currently leases 10,200 square feet at 2100 Ponce de Leon Boulvard in Coral Gables and is relocating to 22,878 square feet in the Trenton Building in Downtown Doral.

DentaQuest will move into The Trenton Building, which is located 8300 Northwest 53rd Street in Doral, in the fourth quarter of 2014. Tony Puente of Fairchild Partners represented the landlord.

“There were many factors that led to the decision for DentaQuest to relocate to the Doral submarket. Most importantly, the new location provides for much-needed growth due to the expanding business,” John Marshall, a managing principal at Cresa who led the nine-month search for the healthcare administration firm's office space, tells GlobeSt.com. “Miami is one of DentaQuest's strongest markets for growth due to the bilingual workforce. The space at the Trenton Building gives DentaQuest access to a strong employee base and room to grow.”

This is one in a string of recent healthcare industry deals Cresa has been involved with.
Cresa also represented Miami Children's Health System in a lease for a new corporate headquarters at 5301 Waterford. At 79,156 square feet it's one of the largest office leases at Waterford and the largest office lease of 2014 in Miami to date. Cresa advised California-based Stemtech International, a stem cell nutrition company, on a new-to-market lease in Pembroke Pines, FL. Stemtech signed a 34,279 square feet at 2010 Northwest 150th Ave.

Codina Partners is developing the $1 billion Downtown Doral, a 120-acre mixed-use development that promises to transform the industrial-focused city into the live-work-play environment Marshall mentioned. Meanwhile, The Related Group and Shoma Group are tag teaming on Park Square, a mixed-used development project in Doral on a 48-acre site that will drive the city toward a fully-populated urban center.

“The future of Downtown Doral—the live, work, play concept—excited DentaQuest,” Marshall says. “Downtown Doral is becoming a lively place.”