Fresh off the acquisition of one of South Florida’s most iconic properties, Miamibased Banyan Street Capital and Oaktree Capital Management of Los Angeles have selected Blanca Commercial Real Estate as the exclusive leasing agent for the Douglas Entrance Office Park in Coral Gables.
The landmark office campus, located at 800 S. Douglas Road, is a 467,325 square foot, five-building complex including a mix of Class A high-rise office towers, street-level retail, boutique office suites and event space.
News of Blanca Commercial Real Estate’s latest assignment at the Douglas Entrance Office Park follows Banyan and Oaktree’s recent acquisition of the asset from Chicagobased Pearlmark Real Estate Partners for nearly $101 million. The property enjoys a prestigious tenant roster that includes MasTec, Simply Healthcare and AECOM.
Spearheading leasing and marketing efforts for the Douglas Entrance Office Park on behalf of Blanca Commercial Real Estate will be executive vice president Juan Ruiz and associate vice president Alexander Cahlin.
“The Douglas Entrance Office Park in Coral Gables is one of the most well-recognized and well-located office properties in Miami, situated just a few minutes away from Miami International Airport and every major employment center in Miami-Dade County,” said Tere Blanca, president and CEO of Blanca Commercial Real Estate.
Among the key factors driving tenant interest in the Douglas Entrance Office Park is its convenient location at the entrance to Coral Gables, at the intersection of Douglas Road (SW 37th Avenue) and SW Eighth Street. The property offers fast access to Miami’s major thoroughfares, including the Dolphin Expressway (SR 836), as well as the nearby Miami International Airport. Dozens of highend retail shops, restaurants and hotels are within close proximity, with Downtown Coral Gables and the Miracle Mile shopping and dining district just a few blocks away.
“The complex is an ideal leasing option for a range of tenants — from small boutique firms to large multinational companies — seeking easily accessible, quality office space in the heart of Miami-Dade County,” said Juan Ruiz, executive vice president of Blanca Commercial Real Estate.
Amenities at the Douglas Entrance Office Park include a beautifully landscaped, WiFiconnected outdoor courtyard plaza; on-site dining and catering; fitness center; meeting and event space; ATM banking; shared tenant conference facilities; complimentary shuttle and car service, and ample deck parking with an above market ratio of three spaces per 1,000 square feet. The property received LEED-Silver certification from the U.S. Green Building Council in 2009, and is listed on the National Register of Historic Places.
The Douglas Entrance Office Park currently offers available space ranging in size from 1,300 to 30,000 square feet, with lease rates between $28 and $36 per square foot. For leasing opportunities, contact Juan Ruiz or Alexander Cahlin of Blanca Commercial Real Estate at 305-577-8850.