CBRE announces that Norwegian Cruise Line has signed a long-term lease renewal and expansion at Airport Corporate Center, the one-million-square foot, 11-building office park located in Doral. The company extended its existing lease on 206,078 and added an additional 70,296 square feet, for a combined 276,364 square feet. According to CBRE Research, this represents the largest office lease signed in South Florida in the past five years.
The company, which now occupies The 7650 Building and The 7665 Building, will expand to the new space at The 7300 Building beginning in the fall of 2015. CBRE’s Diana Parker, Richard Bamonte and Janette Driggers represented the landlord, CBRE Global Investors, which acquired the property in October of 2014. Stuart Gordon of Flagler Brokerage and Management Services, LLC, together with Jim Travers and Stewart Niles of Travers Cresa, represented Norwegian Cruise Line.
“Norwegian Cruise Line’s expansion at Airport Corporate Center comes at a pivotal time for the property with new innovative ownership in place. CBRE Global Investors’ vision is to reposition
Airport Corporate Center to be more than an office park, but a business environment dedicated to the success of its tenants,” said Diana Parker, Senior Vice President, CBRE. “New ownership brings new energy and an enhanced tenant experience with capital improvements and exclusive programs on the way.” Airport Corporate Center is scheduled to undergo a major capital improvement campaign over the next 6 months. In addition to Norwegian’s expanded presence, other major tenants at the property include UnitedHealthcare Services, Inc., Magellan Health Services, General Electric and URS Corporation to name a few.
CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.