How Blanca Raised Waterford's Occupancy 20% in 12 Months

MIAMI—A year after winning the exclusive leasing assignment at Waterford Centre, Blanca Commercial Real Estate has upped the occupancy rate more than 20%. New Boston Fund owns the 91,285-square-foot office building in Miami's Airport submarket.

Waterford's occupancy now sits at 93%. Blanca completed four new leases accounting for 28,000 square feet of class A space. New tenants include appliance manufacturer Whirlpool, global spirits manufacturer Remy Cointreau, software developer McAfee, and commercial real estate services firm Franklin Street.

Blanca executive vice president Danet Linares and vice president Andres del Corral spearhead leasing and marketing for the property on behalf of owner New Boston. Other tenants include Xerox, The Parker Company, LLC, Travel Traders, and OMD USA.

“We have effectively positioned Waterford Centre as an ideal home for major multinational corporate users,” says Tere Blanca, president and CEO of Blanca. “This wave of recently-completed leases demonstrates that Waterford Centre appeals to a segment of corporate users seeking a true class A property in Miami's Airport West market. Our activity over the past year is a testament to the quality of the asset and its ownership.”

Located at 6205 Blue Lagoon Drive within the 250-acre Blue Lagoon Business Park, Waterford was constructed in 1999. The office building features state-of-the-art security systems, including card readers, video cameras, visitor tele-entry devices, on-site security guard service, and reserved/covered parking. Since acquiring Waterford in 2012, New Boston has upgraded the lobby furniture and artwork, redesigned the landscaping at the entryway, and completed work on the parking deck.

“Blue Lagoon is one of Miami's 'go-to' submarkets for major corporate users and Fortune 500 companies entering the South Florida region or expanding their presence here,” says Linares. “Corporate tenants are drawn to Waterford Centre's class A finishes, proximity to Miami International Airport, access to workforce and executive housing, and above-market parking ratio.”

Waterford sits at the intersection of Red Road (57th Avenue) and Blue Lagoon Drive (NW 11th Street), adjacent to Miami International Airport. Amenities include water views of Blue Lagoon; granite, marble and wood finishes; a 5:1,000 parking ratio, which ranks highest amongst its competitors; and on-site storage facilities for tenants.