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MIAMI-High-profile corporate tenants are rapidly filling up the nine-story, 240,000-sf Royal Palm at Southpointe office park in Plantation, FL, 25 miles north of Downtown Miami. Five leases totaling 26,500 sf and valued at an aggregate $3.3 million bring the TIAA-CREF-owned property to 60%.

The new tenants, on five-year leases, are American Express Financial Services, 13,000 sf; Koleos, Rosenberg & Metzger law firm, 5,000 sf; Estee Lauder, 3,000 sf; US Filter, a division of Vivendi International, 4,000 sf; and NCS Pearson, 1,500 sf.

Cushman & Wakefield of Florida Inc. brokers Greg Martin and Jacqueline Blake handled the leases. In previous transactions, Sun International Resorts Inc. took 65,000 sf and Universal Insurance Services leased 3,000 sf.

The value of the individual leases and the quoted average asking rents weren’t disclosed in a prepared statement from Cushman & Wakefield. But brokers familiar with the Plantation office submarket tell GlobeSt.com on condition of anonymity the asking rent is in the $23-per-sf to $25-per-sf range.

US Filter plans to relocate its Latin American headquarters from Miami to the 18-acre Royal Palm at Southpointe site at the northeast corner of South Pine Island Road, north of Interstate 595.

Teachers Insurance and Annuity Association-Commercial Real Estate Fund of New York owns the property. Tampa, FL-based Hogan Group developed the office building and four-story parking garage for TIAA-CREF.

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