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Deals & Dealmakers

Shorenstein leases Miami office space to Blackstone

Shorenstein Properties has leased 41,000 s/f of office space at its 2 MiamiCentral property to Blackstone.

The global investment giant intends to create a hub for its in-house technology division and plans to hire more than 200 tech-focused employees in Miami in the coming years.

The deal brings 2 MiamiCentral to 98 percent occupancy with a roster of tenants that includes Carlton Fields, Ernst & Young and New Fortress Energy.

The building is located in Miami’s downtown district, immediately adjacent to the MiamiCentral train station.

JOHN STETCHER

“Miami is a vibrant city with a pipeline of top technology talent available from best in class university programs, as well as an experienced workforce that will enable us to diversify our talent pool and grow our technology team. 2 MiamiCentral’s prime downtown location and access to mass transit make it an ideal office location,” said John Stecher, Blackstone’s Chief Technology Officer.

“Shorenstein is pleased to welcome Blackstone to 2 MiamiCentral and Downtown Miami,” said Claude Esposito, Vice President, Capital Transactions at Shorenstein.

CLAUDE ESPOSITO

“South Florida has long been a strategic focus for Shorenstein, and Blackstone’s commitment to 2 MiamiCentral is a testament to the property’s distinct features and desirable, transit-oriented location.  As the working world continues to evolve, we remain focused on providing our tenants with high-quality office spaces that are equipped with cutting edge technology to prioritize safety and sustainability.”

Shorenstein’s ownership of properties in South Florida also includes The Main Las Olas in Downtown Fort Lauderdale, a newly delivered mixed-use development that includes a 25-story, 385,000 s/f Class A office building that is currently leasing to prospective tenants. The Main Las Olas’ adjacent residential tower, Novo Las Olas, will have Fort Lauderdale’s first Publix GreenWise on its ground floor. Publix GreenWise is a grocer that offers a variety of organic, natural and specialty groceries including a hot bar with ready-to-go items.

“This is an exciting deal that comes as Miami sees a wave of new-to-market activity. The South Florida office market is thriving and continues to attract world class tenants such as Blackstone,” said Danet Linares, Vice Chairman of Blanca Commercial Real Estate. “This deal affirms South Florida’s position as the technology hub in the southeast.” 

Financial terms of the lease were not disclosed. Blackstone was represented by Alan Kleber and Ryan Nunes of JLL. Shorenstein was represented by Danet Linares of Blanca Commercial Real Estate with support from Andres del Corral and CEO Tere Blanca.

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