Bankers Healthcare Group Buys 130K Office Building For HQ Expansion

Record-breaking growth is driving Bankers Healthcare Group, a leading provider of financial solutions for licensed healthcare practitioners and other highly skilled professionals, to expand to a new corporate headquarters in Miramar and hire new staff.

A BHG company purchased an existing 130,000-square-foot, six-floor building at 3700 Lakeside Dr. in Miramar. Terms of the sale were not disclosed. Butters Realty & Management represented BHG in the off-market purchase.

The company will soon begin remodeling the building, with plans to move in October 2020. BHG’s 260 employees will occupy the first, second, and third floors; the three other existing tenants will remain on floors four through six. BHG will retain its current location in Davie and make it available for commercial lease after the relocation.

“We founded our company’s corporate headquarters in South Florida nearly 20 years ago, and we’re thrilled to continue our growth here,” said Eric Castro, Co-Founder of Bankers Healthcare Group.

“We’ve outgrown our current space and our new building can better accommodate our steadily increasing business and staff numbers.”

BHG’s new headquarters will be equipped to encourage health and wellness. Amenities will include:

  • Gym with personal trainers
  • Café with an on-site chef
  • Yoga/meditation room
  • Massage room

The space will also include a coffee shop and parking to accommodate 700 vehicles. Its central location near the Dade/Broward county line is less than 30 miles to both the Miami International Airport and Ft. Lauderdale International Airport.

BHG has plans to hire an additional 129 employees by next year, as market demand for BHG’s suite of financial solutions continues to increase.

“Miramar is excited to welcome Bankers Healthcare Group to our vibrant city. Miramar is a place where companies like BHG can employ exceptional talent. We’re pleased that this dynamic company will help to further diversify our corporate base,” said Miramar City Manager Vernon E. Hargray.

The purchase was the culmination of an extensive site selection process and complex negotiation process with the seller.

“BHG examined numerous opportunities,” said Molly McDonough, senior vice president of Butters, who worked with BHG in its search along with Butters Executive Vice President Darcie Lunsford. “We had to find a location close to BHG’s existing Davie facility with high-quality corporate infrastructure that could be renovated and occupied quickly enough to meet the company’s brisk growth trajectory. Nothing on the market worked, so we identified and pursued this asset off-market because it fit our needs.”

BHG selected G. Alvarez Studio as the architect.

“From all of us at G. Alvarez Studio, Inc., we would love to say a big congratulations to the entire BHG family! We are so excited to have been awarded this fantastic project, and working with a talented and progressive institution,” said Christian Vidal, AIA, Vice President at G. Alvarez Studio. “Since we met the team, we were quickly drawn to their enthusiasm, internal dynamics and overall workplace atmosphere. We look forward to creating a new space that further reflects and supports BHG’s unique culture, and future growth for years to come.”

 

Class A Office Building In Plantation Nears Full Occupancy After Inking 66,500 Square Feet In Lease Deals

Encore Capital Management, the developer of Plantation Walk, a $350 million mixed-use office, retail, residential, and hotel destination, recently announced a number of new tenants coming to the development’s 177,000-square-foot Class A office building. Five new tenants have signed leases, joining anchor tenant Aetna, bringing the building to 94% occupancy.

Office Evolution, one of the largest co-working franchises in the country, will open its first South Florida location at Plantation Walk. It will have 40 private offices as well as a traditional, collaborative work space incorporated in its 11,000 square feet space.  Office Evolution also offers virtual memberships, conference rooms, business address plans and additional business services such as phone answering and private mailboxes.

Gridiron Insurance Underwriters, which helps to manage insurance facilities and affinity-based program business on a regional and national basis, will also occupy 11,000 square feet.  Founded in 2006, they are currently based in Plantation, but announced they are moving their headquarters to Plantation Walk.

HCA Healthcare will occupy 26,500 square feet. HCA is made up of locally managed facilities that include 185 hospitals and 119 freestanding surgery centers located in 21 states and the United Kingdom. HCA is a full-floor tenant and will use the offices primarily for clinical and hospital nursing education.

Oncology Analytics provides health plans, providers, and patients with a data-driven, utilization management solution that delivers evidence-based analytics focused exclusively for oncology. The company will be relocating from its current office in Plantation and will occupy 7,000 square feet at Plantation Walk.

Rubenstein Law, a personal injury law firm practicing in Florida for more than 30 years, will occupy 11,000 square feet. The firm wanted a new office built to their exact specifications, resulting in the move from its current office in Plantation to Plantation Walk.

NKF Senior Managing Director Jay Adams exclusively represents the developer for the office leasing.

“The property had strong interest from the beginning, even during the mall demolition, and before there was air conditioning, vertical development and even elevators,” said Adams.  “Within five months of receiving our certificate of occupancy, the building is almost fully leased out, which speaks volumes about the need for this Class-A facility in this type of mixed-use development.”

These companies will be joining the building’s first tenant, Aetna, a CVS Health company, which moved in June of 2019. They are occupying 82,000 square feet of the office building which houses several divisions of the company including commercial business, Medicare, Medicaid and Aetna International.  Aetna committed to the property 12 months prior to the team receiving the Certificate of Occupancy.

“Plantation had been lacking this type and size of office space so we always knew it was going to be a critical component to this project,” said Art Falcone, CEO and Managing Principal of Encore Capital Management. “We’re offering an amenity-rich environment in a walkable area that rivals downtown Fort Lauderdale.”

The remainder of the office building is currently in the process of being leased out, and there is a limited amount of space still available.

Encore recently topped off construction on 171 apartments and is working on the first phase of retail.  In total, the project’s first phase will feature 700 luxury rental apartments under Encore’s The Rise brand and 180,000 square feet of retail space.

Once completed, Plantation Walk will create a downtown-style destination encompassing the ingredients of a true, walkable development that will create “Main Street Plantation.”  Entertainment and lifestyle options will include 180,000 square feet of unique shops and a variety of quick-service and fine dining restaurants.  Located on University Drive just north of Broward Boulevard, Plantation Walk is 10 miles from downtown Fort Lauderdale and 30 miles from downtown Miami.  It features easy access to I-595, Florida’s Turnpike and the Fort Lauderdale-Hollywood International Airport.

 

Berger Commercial Realty Reps Landlord In 23,000-SF Lease Deal

Berger Commercial Realty/CORFAC Senior Sales Associate Jonathan Thiel and Senior Vice President Keith R. Graves, CCIM, recently represented Sample Executive Center, LLC, the landlord, in the lease of 23,010 square feet to Full Circle Education, LLC.

The property is located at 2001 W. Sample Road, on the northeast corner of Powerline Road in Deerfield Beach.

“With proximity to major roadways, including I-95 and Florida’s Turnpike, the strategic location of this office property, coupled with building signage, made it ideal for Full Circle Education and its students,” said Thiel. 

 

SFOBA Will Be On Spring Break!

We won’t be meeting in March, but we’ll be looking forward to seeing you all in April!

NAI Merin Hunter Codman Welcomes Industry Veteran To Brokerage Team

NAI/Merin Hunter Codman, Inc., welcomed South Florida commercial real estate expert Adam Starr to the firm’s brokerage team as Managing Director.

Starr will be specializing in the sale and leasing of office and industrial properties throughout south Palm Beach and Broward counties.

Starr, a six-time CoStar Power Broker Award winner, brings over two decades of commercial real estate expertise to NAI/Merin Hunter Codman. Starr has successfully negotiated over 15,000,000 square feet of sales and lease transactions throughout South Florida for firms such as CBREBrenner Real Estate Group, and the Trammell Crow Company. Starr’s focus will remain in tenant and landlord representation, as well as investment sales.

“It is always a pleasure to welcome a seasoned, commercial real estate professional to our firm. Adam has successfully navigated a wide variety of transactions through all of South Florida’s market cycles. He is a well-liked and highly respected industry expert that is known for his market knowledge, tenacity, professionalism and absolute commitment to the highest level of service for his clients,” stated Jordan Paul, CEO, NAI/Merin Hunter Codman.

 

“I have done business with Adam many times over the years. He has developed a remarkable track record of creating value and attaining favorable financial returns for his clients. He is a very welcome addition and will be a true asset to the firm’s brokerage team,” stated NAI/Merin Hunter Codman, Chairman, Neil E. Merin, SIOR, CCIM.

 

Stiles Realty’s Madelayne Garcia Renews T-Mobile, New York Life At Lake Shore Plaza II

Stiles Realty, a division of the full-service commercial real estate firm, Stiles, announced lease renewals for T-Mobile and New York Life Insurance Company at Lake Shore Plaza II.

Stiles Realty Senior Vice President Madelayne Garcia represented the landlord in the transactions. Mitchell Millowitz of NKF and Cameron Tallon of JLL represented T-Mobile and New York Life respectively.

Lake Shore Plaza II

Lake Shore Plaza II

T-Mobile renewed its 21,104 SF office space while New York Life signed a renewal for its 32,942 SF space. Located at 1300 Concord Terrace in Sunrise, Lake Shore Plaza II is a 128,470 SF Class A office building in the heart of Sawgrass Corporate Park. The LEED Silver certified building is located along the Sawgrass Expressway, minutes from shopping, dining and entertainment, including Sawgrass Mills Mall, IKEA, and BB&T Center.

“We are pleased that established global brands such as T-Mobile and New York Life continue to put their trust in us for their office needs,” Garcia said. “These renewals further illustrate the attractiveness of Lake Shore Plaza II for both existing tenants looking to renew as well as new firms moving into the area.”

T-Mobile provides wireless voice, messaging, and data services and operates the third largest wireless network in the nation with more than 65.5 million customers and annual revenues of $32 billion.

New York Life, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance.