MIAMI—It was officially the largest new office deal in Miami's Airport West Market in 2013. California's West Coast University (WCU) took down 45,000 square feet at the newly renovated 9250 Doral.
The health sciences university moved into the space in February, responding to a growing nursing shortage in Florida. The Doral location is WCU's first Southeast campus.
“The metropolitan Miami area has become one of the country's major health care hubs, and demands on health care providers will only increase as the population continues to grow,” said West Coast University president Barry T. Ryan. “WCU is pleased to be part of the solution by preparing the highly educated, competent and confident nurses that are increasingly in-demand.”
Taylor & Mathis principal Brian Gale represented the owner, Delma Properties. Charlie Carroccio and Scott Allen of CBRE represented West Coast University.
WCU leased 25% of the multi-tenant building in a transaction valued at $13.5 million. WCU leased the second floor and a portion of one of three pods on the third floor. According to Gale, the building's 45,000-plus-square-foot floor plates were one of the main attractions for WCU.
“We are pleased to see Delma's financial commitment rewarded by snagging the area's largest office deal,” says Gale. “The quality of the interior finishes makes it feel like a brand new building. It has great ceiling height and an excellent window line. 9250 Doral sits in one of the most exciting and rapidly growing areas of the Miami-Dade office market.”
Delma recently invested millions of dollars to renovate 9250 Doral, which was a single-tenant building two years ago. Amadeus North America moved out and the building became 100% vacant.
“The WCU lease confirms our commitment to the asset and in the market,” says Todd Benson, senior vice president at Delma. “The heavy capital we have spent renovating the property are starting to come to fruition. It's always gratifying to be involved in a project that repositions an asset and brings new tenants to the area.”
Delma's investment included refurbishing the lobby and common areas, as well as exterior work, including upgrades to the entry fountain, pedestrian bridge, façade, parking, signage and landscaping.
The 9250 Doral building, located at 9250 N.W. 36th Street, spans 187,000 square feet of space with floor-to-ceiling views and reflective glass exterior. It is the largest block of space available in the Airport West-Doral office market.
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