CBRE has arranged a 91,872-square-foot lease for Univita Health Inc. on behalf of the landlord, Dell Corporation of Chicago, for its Miramar, Florida office/call center facility. The property is located just off I-75 at 15800 S.W. 25th Street in Miramar, Florida and was most recently occupied by CVS/Caremark. The long-term lease encompasses the entire building and is set to begin May 1, 2014. The new tenant will use the facility to consolidate multiple locations across South Florida into one central location. CBRE’s First Vice President Tom O’Loughlin and Executive Vice President Kevin Clifton represented the landlord, Dell Corporation, in the transaction and were assisted by Harry Tangalakis and Larry Genet, also with CBRE.
“We are extremely pleased with CBRE’s ability to market and secure a new tenant for our Miramar asset. As we expand our presence in South Florida, we look forward to growing our portfolio and are actively looking for new opportunities,” said Jack Faintuch, President of Dell Corporation.
“We were able to locate a full-building user with minimal downtime for Dell Corporation; they were without a tenant for only 30 days,” said O’Loughlin. “This helped ownership avoid the cost associated with demising the space.”
“The building’s existing infrastructure, strong ownership and great location were all seen as positive factors helping to influence the tenant’s decision to relocate to Dell’s building,” added Clifton. The building, located just west of I-75 off Miramar Parkway, is a Class A office/call center located within the Miramar Center Business Park. The property features an open call center layout with 364 workstations which can be expanded to 520 workstations, a partially raised floor, two dock high doors and one drive-in door. Additional features include full cafeteria, data center, full back-up generator and a 7 per 1,000 SF parking ratio.
About 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.