Avison Young recently facilitated the acquisition of the 57,500-square-foot, three-story office building situated on 2.79 acres at 3155 NW 77th Avenue in Doral – the new home of Windhaven Insurance.
Avison Young Principal John K. Crotty and Vice President David F. Spillers both secured the property for the Florida- and Texas-based auto insurance carrier to consolidate its current two offices in Miami into one expanded headquarters location.
“With declining single-digit vacancy within the Airport/Doral office submarket and rising rental rates throughout Miami-Dade, we secured the ideal property and location for our client,” said Crotty.
“The acquisition allows Windhaven Insurance to merge its two currently leased office spaces into one ideal building, easily accessible for employees from the Palmetto Expressway.”
In addition to spearheading the purchase, Avison Young has been retained by Windhaven to help oversee project management during the buildout and retrofitting process of the company’s new Miami headquarters. Chip Faulkenberry, Vice President with Avison Young, will lead the project management services.
The 3155 NW 77th Avenue office property is hurricane-ready with an on-site backup generator and features a gated entrance, attractive lobby area, cafeteria, and private parking structure. With frontage along the Palmetto Expressway (SR-826), the asset’s value is enhanced by its visibility to over 205,000 vehicles per day.
Headquartered in Toronto, Avison Young’s operations provide best-in-class services to local, national, and international clients while also networking with the firm’s other offices across the U.S. and Canada. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family, and hospitality properties.
For information about Avison Young, call 305-446-0011 or visit www.avisonyoung.com/offices/miami.