Lease roundup: Hollo’s FECR moves, Sternlicht’s building nabs tenants

Florida East Coast Realty I Brickell | Miami

The Hollo family’s Florida East Coast Realty moved its headquarters of 30 years in downtown Miami to nearby Brickell.

The real estate firm, which Tibor Hollo founded more than 60 years ago, leased the entire 17th floor spanning 8,500 square feet at 1101 Brickell, according to a company news release. FECR’s head office previously was at 100 South Biscayne Boulevard, a tower the firm purchased in 1989 and still owns.

The relocation comes as FECR is poised to demolish 100 South Biscayne to make way for the firm’s planned One Bayfront Plaza tower. The supertall will reach 1,049 feet, joining several other planned projects reaching new heights in Miami.

Among the supertalls on tap is PMG’s Waldorf Astoria Hotel & Residences at 300 Biscayne Boulevard in downtown, which is under construction and also will rise 1,049 feet. PMG has partnered with Greybrook, Mohari Hospitality, S2 Development and Hilton on the project.

The 1,049-foot height is the tallest that towers in Miami can rise under Federal Aviation Administration guidelines.

General Atlantic, BTIG I Miami Beach

Barry Sternlicht’s Starwood Capital Group headquarters building in Miami Beach scored two new tenants.

General Atlantic, based in New York, opened its fourth U.S. office at 2340 Collins Avenue, according to a company news release.

General Atlantic, a growth equity firm providing capital to companies, has 16 offices worldwide. Chuck Feeney, co-founder of DSF Group, started General Atlantic in 1980, and Bill Ford is CEO, according to the firm’s website.

Also, financial services firm BTIG opened a 7,500-square foot office at Starwood’s building, according to a company news release and media reports. It will be home to 60 employees.

The six-story building, which spans over 140,000 square feet, was completed last year.

In other lease deals at the property, Silicon Valley venture capital firm Andreessen Horowitz leased 8,000 square feet this summer. Marc Andreessen and Ben Horowitz’s VC firm also is called a16z.

The deals are in line with South Florida’s reputation as a mecca for financial and tech firms. In the most notable company relocation, billionaire hedge funder Ken Griffin has said his Citadel and Citadel Securities will move their headquarters from Chicago to Brickell.

Griffin has been behind several big ticket property buys this year, including the record $363 million purchase of a waterfront Brickell development site where Citadel’s new headquarters is expected to rise.

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Bioxtek, American Way Health, More I Prospect Park I and II I Fort Lauderdale

Adler Real Estate Partners scored four new tenants and three lease renewals at its Prospect Park I and II flex-office campuses in Fort Lauderdale.

In the biggest deal, bioengineering firm Bioxtek took 11,000 square feet, according to a news release from the landlord’s broker. Other tenants that signed new leases are health insurance agency American Way Health, which took 3,300 square feet; Pointed Engineering, which took 1,305 square feet; and Commercial Trade Service, which took 900 square feet.

Residential Warranty renewed its 8,300-square-foot lease and added 5,600 square feet, according to the release. Other firms that renewed leases are Orthotic & Prosthetic Centers, which has 5,300 square feet; and HCB Specialties, which has 2,400 square feet.

Prospect Park I has six buildings at 5201-5255 Northwest 33rd Avenue, and Prospect Park II has eight buildings at 3301-3471 NW 55th Street. The entire campus spans more than 150,000 square feet.

Keith Graves and Jonathan Thiel led the Berger Commercial Realty/Corfac International team that represented Adler in the deals.

The leases bring the buildings to 92 percent occupancy.

Milam’s Markets I Link at Douglas I Miami

Milam’s Market opened a store at the Link at Douglas mixed-use development in Miami.

Milam’s opened a 25,000-square-foot grocery store at the Cascade tower at 3050 Southwest 37th Avenue, the second apartment building at the project, according to a Milam’s release and media reports.

13th Floor Investments and Adler Group are developing the transit-oriented Link at Douglas project near the Douglas Road Metrorail station.