The Miami Herald Media Company (“Miami Herald”) has agreed to terms to relocate to a 158,265 square foot office building in Doral, formerly the headquarters of U.S. Southern Command.
The two-story building will be renamed “One Herald Plaza at Wespointe Business Park” with an adjacent six-acre site purchased directly east of the building to house the newspapers press units within a new 119,000 square-foot structure.
The Miami Herald Media Company will remain in place at its current home in downtown Miami through May 24, 2013 under leasing terms of the Biscayne Bay property sold to casino interests for redevelopment.
The Herald was represented by Blanca Commercial Real Estate President and CEO Tere Blanca, Vice Chairman Hank Klein, and Executive Vice Presidents Danet Linares and David Valdez.
The team also included Jose Hevia of Aligned Properties, who provided strategic counsel on the project’s construction and development components, and Jose Juncadella of Fairchild Partners, who advised on the industrial market.
Westpointe Business Park owner GPA-I, L.P., a Tennessee-based limited partnership, was represented by CB Richard Ellis.
“Westpointe Business Park offered the perfect mix of functionality, flexibility and access,” said Blanca… “The project’s setting in the fast-growing Doral business district and close proximity to South Florida’s major expressways will enable the Miami Herald Media Company to continue to advance its mission as South Florida’s largest news source.”
Given its history as the former home of U.S. Southern Command, the Miami Herald’s future headquarters is equipped with a number of design and construction features that will enhance productivity and ensure operations continue under any circumstance. These include backup generators, high impact bullet-proof glass, and an uninterrupted power supply system. The building offers ample on-site parking for employees and visitors.
Westpointe Business Park is located at 3511 NW 91st Avenue in the heart of the City of Doral, long recognized as a corporate and business hub with more than 9,000 businesses and several Fortune 500 companies.
With a commercial population that swells to more than 150,000 employees daily and a residential population that more than doubled from 20,000 in 2000 to more than 45,000 in 2010, Doral is one of South Florida’s fastest growing cities.