Plus: Santander Bank took 4K sf at Miami Worldcenter
Dycom Industries | West Palm Beach
Dycom Industries will move its headquarters to the Banyan & Olive development in West Palm Beach.
Dycom, a contracting services provider for telecommunications infrastructure and utility industries, leased 40,000 square feet on the top two floors of the 12-story building under construction at 300 Banyan Boulevard, according to the landlords’ news release. The firm, which will move from 11780 U.S. Highway 1 in Palm Beach Gardens, will be the anchor tenant.
Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlords. Derek Baker of Colliers represented the tenant.
Developers Brand Atlantic Real Estate Partners and Wheelock Street Capital’s Banyan & Olive project consists of the 300 Banyan building, which is under construction, and the renovation of the historic, three-story building at 111 Olive Avenue.
300 Banyan will have a six-level garage, six stories of offices with 20,000 square feet on each floor, and an 8,000-square-foot restaurant, the release says. It is expected to be completed next month, and Dyson will move in during the first quarter of next year, according to a spokesperson for the developers.
The Dycom deal brings 300 Banyan to 50 percent pre-leased.
West Palm-based Brand Atlantic was founded and is led by Andrew Dance and Adam Demark. Wheelock, with offices in Boston and Greenwich, Connecticut, was founded and is led by Rick Kleeman and Jonathan Paul.
Santander Bank | Miami Worldcenter
Santander Bank leased at Miami Worldcenter.
The bank, which is the U.S. subsidiary of Madrid-based Banco Santander, took 4,000 square feet at the Jewel Box at 150 Northeast Eighth Street in Miami, according to a record filed to Miami-Dade County last month. The lease, which is for a 10-year term with two five-year extension options, started on Jan. 31, the record shows, though it has not opened yet.
Miami Worldcenter Associates, led by Nitin Motwani and Art Falcone, in partnership with CIM Group, is the master developer of the $6 billion Miami Worldcenter mixed-use complex that spans 27 acres at the intersection of downtown Miami and the city’s Park West neighborhood. The Jewel Box, an 80,000-square-foot glass-encased retail building, is part of Miami Worldcenter’s total of 300,000 square feet of retail space.
General Components International | Miami Midway Park
General Components International leased the Miami Midway Park project that’s under construction in northwest Miami-Dade County.
General Components took 27,400 square feet on the west part of Building 2 at Miami Midway Park at 9695 Northwest 174 Street in an unincorporated area of the county, according to the developers’ news release. The tenant will move in in August.
Coconut Creek-based Butters Realty & Management and Charleston, South Carolina-based Greystar are developing the four-building, 505,500-square-foot Miami Midway Park industrial campus spanning 45 acres. The General Components lease brings the project to 52 percent pre-leased, the release says.
Building 1 is 73 percent leased to GLB Trucking, Building 2 is 38 percent pre-leased to General Components, and Building 3 is fully leased to Logistic Plus. GLB and Logistics Plus have moved in.
Lidia Dinkova, TheRealDeal
