Blanca Expands Leasing Portfolio

MIAMI-Boston-based real estate advisory firm TA Associates Realty recently acquired two Miami buildings. And after closing the deal for the sellers, Blanca Commercial Real Estate scored the exclusive leasing assignment on the properties.

The new assets include a four-story, 57,565-square-foot building at 5835 Blue Lagoon Dr. in Miami and a four-story, 59,591-square-foot building at 8550 NW 33rd St. in Doral. Blanca sold the 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 new assignment grows the Blanca’s leasing portfolio to 1.3 million square feet of office space within two years of the firm’s 2009 launch. Both properties are currently 100 percent occupied.

Blanca says the Miami’s Airport West market continues to attract top institutional owners seeking quality assets. Blanca’s top priority will be to secure quality tenants as space becomes available in these buildings.

“It’s wonderful that we continue to have institutional owners invest in Miami,” Blanca tells GlobeSt.com. “We are seeing terrific activity with major owners investing in both the urban and suburban markets of our region. There is affirmative belief that the Miami market will continue to prosper and grow in the mid-term and long-term.”

The engagement of BCRE, a regional rather than global CRE service provider may also signal a trend in the industry. Some major corporations are reassessing the notion that one shoe fits all markets. In other words, despite a move to consolidate CRE providers over the past few years in order to simplify the CRE process, major corporations are awarding engagements to local/regional service providers.

“I see the validity of a model that allows for the selection of the best in class providers for specific requirements in different markets,” Blanca says. “In fact there is increased interest in our industry from major corporations to establish an 'integrator role' to effectively manage this process.”