Tag Archive for: madelayne garcia

Madelayne Garcia Signs Media Company To 7-Year Deal

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Comcast Spotlight, the advertising sales division of Comcast Cable, will lease 14,218 square feet at Offices at Miramar Town Center located in Miramar, according to an announcement by Stiles Realty.

The media and technology services provider signed a 7.5-year lease bringing the center to 100 percent occupancy.

Stiles Realty director Madelayne Garcia represented the landlord, Rock-Kim Miramar, LLC, and Jones Lang LaSalle senior vice presidents Jonathan Kingsley and Stephen Rutchik represented Comcast Spotlight in the transaction.

Comcast Spotlight is one of two leases to help bring the property to full capacity. Garcia, who took over the listing in 2012 when 18,000 square feet remained available, recently signed another lease with attorneys Lopez and Morales, PA, for 3200 square feet. Another notable tenant at the Offices at Miramar include U.S. General Services Administration for about 15,000 square feet. The building is fully leased with the exception of a bank outparcel that remains available.

According to Garcia, Comcast Spotlight, who relocated from another building in Miramar, was attracted to the Offices at Miramar Town Center due to its high-end finishes, central location and accessibility. “This building is an excellent option for tenants seeking quality, flexible space and easy access to Florida’s major highways,” said Garcia. “The Offices at Miramar Town Center has an effective market niche and is drawing attention from large and midsize users. In the case of large-user Comcast Spotlight, the property’s fine finishes and area amenities were a major deciding factor.”

The 42,027 square foot property, built in 2008, is a part of a mixed-use development featuring retail, residential and municipal buildings, located at 11606 City Hall Promenade just off of Miramar Blvd and only one mile from I-75 and Florida’s Turnpike.

 

Sawgrass Office Park Changes Hands

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N/S Sawgrass Office Associates LLC, a company managed by Stiles Corp., sold Sawgrass Technology Park, located at 1601 NW 136th Ave. (N. Harrison Parkway) in Sunrise on Tuesday.

Fifteen Gap Sawgrass LLC, a company managed by Miami-based Fifteen Group, is the buyer. The company obtained a $40.84 million loan from Wells Fargo Bank N.A. for the acquisition.

In February 2012, Madelayne Garcia, Stiles Realty Director of Real Estate, inked a  long-term extension of the 116,000-square-foot Sheridan Healthcare lease in the park. Garcia received NAIOP’s prestigious Office Lease Transaction of the Year Award of Excellence for all of South Florida for that lease.

The Stiles-managed company paid $79 million in 2005 for the complex.

Mady Garcia Negotiates 9,500 SF Expansion

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Emerson, a global manufacturing and technology company, announced its second expansion in two years of its Latin operations in South Florida.

According to Stiles Realty director of leasing, Madelayne Garcia, who represented the landlord, Emerson will expand by 9,500 square feet, where it already has 18,000 square feet at Stiles’ Lake Shore Plaza II office building.

Emerson said it will invest $400,000 to renovate the newly leased space and create about 20 new jobs. The renovation will be designed by Stiles Architectural Group and managed by Stiles Tenant Improvement Services.

Lake Shore Plaza II is a 130,000-square-foot multi-tenant office building located in Sawgrass International Corporate Park at the intersection of I-75 and I-595 and the Sawgrass Expressway. The building is certified LEED Silver by the U.S. Green Building Council and boasts numerous energy-efficient and environmentally friendly features, including an indoor air quality system, water-conserving features, recycling program, pest management system, and preferred parking for hybrid and energy efficient vehicles.