Tag Archive for: riviera point corporate center

CBRE Tapped To Lease Brand New Class A Office Building In Miramar

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CBRE has been assigned leasing at Riviera Point Corporate Center, a new 64,431-square-foot office building in Miramar.

CBRE’s Chris Gallagher and Peter Messina are managing the leasing efforts at the property.

“Riviera Point Corporate Center is ideal for users who are seeking the luxury of a brand-new building with first generation office spec suites ranging in size from 1,537 sq. ft. to 13,804 sq. ft. that allow for immediate occupancy. Building top signage and monument signage are also available for marquee tenants,” said Gallagher.

Completed in 2017, Riviera Point Corporate Center consists of five stories and is complete with amenities, including a shared conference room, tenant lounge area with complimentary Wi-Fi, green car charging stations and on-site management. There is a diverse tenant mix, including law firms, accountants, financial advisors, residential lenders and more.

The location provides access to Interstate 75 via Miramar Parkway, Miami and Fort Lauderdale airports.

 

EB-5 Developer Delivers Class A Office In Tight Miramar Market

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Riviera Point Development Group has completed construction of a 72,000-square-foot office building in Miramar.

The building, Riviera Point Corporate Center, is one of the few new suburban office buildings completed in this real estate cycle in South Florida. Riviera Point used foreign capital to finance construction of the project located in one of the nation’s most desirable suburban office markets, according to a study by Boyd Co.

The Riviera Point’s development underlines a growing demand for Class A office space in the suburbs and the influential role that foreign capital is playing in reshaping South Florida’s suburbs. In the past, Riviera Point raised foreign capital to build Riviera Point Business Center at Doral in 2016 and Professional Center at Riviera Point in Miramar in 2015.

Riviera Point partially funded construction of the new five-story office building, at 2750 SW 145th Avenue, through the EB-5 investor visa program. Under the federal program, foreign investors and their families can obtain a green card if they invest at least $500,000 in job-creating projects in the US. The firm, one of the region’s most prolific EB-5 developers, raised $15 million from 30 investors mainly from Latin America to build Riviera Point Corporate Center. Since 2012, Riviera Point has raised more than $53 million in EB-5 capital in South Florida, crated 1,120 jobs and enabled more than 170 foreign families to obtain the US residency.

“We build suburban office buildings to meet the needs of the bustling business communities expanding west of South Florida’s largest urban cores,” said Riviera Point CEO Rodrigo Azpúrua. “In the absence of a comprehensive mass transit system in our region, employers are responding to road congestion by moving their offices closer to their employees’ homes. Foreign investors see the upside of serving that sector of our community and are eager to provide capital for us to build Class A suburban office buildings.”

Blanca Commercial Real Estate is handling leasing for Riviera Point Corporate Center.

As construction of Riviera Point Corporate Center concludes, Mr. Azpúrua will focus on construction of the Radisson Red Miami Airport in suburban Miami. The 155-room hotel is partially funded with $11.5 million raised from EB-5 investors. The upscale select services hotel broke ground early this year and is scheduled for completion in early 2018.