Posts Tagged : Douglas Okun

CREC Selected To Exclusively Lease Iconic Miami Beach Office Building

CREC has been selected as the exclusive leasing agent for Meridian Center, located at 1680 Meridian Avenue, steps from Lincoln Road in the heart of Miami Beach.

The iconic, 55,000-square-foot boutique building, recently underwent remodeling to exude an artistic flair synonymous with Miami. Street artists were commissioned to make each office floor lobby unique, personifying the city’s culture, while modernizing the space.

CREC Partner Steven Hurwitz, Senior Vice President Douglas Okun and Senior Leasing Associate Teri Jarp will oversee leasing, which includes targeting those in the creative industries and professional services companies. Current tenants include Apple and Keller Williams.

“We are thrilled to be spearheading the leasing efforts for this highly-sought office property, located just around the corner from Miami Beach’s premier outdoor retail and dining destination,” said Hurwitz. “Meridian Center’s proximity to the amenities of Lincoln Road and surrounding Miami Beach neighborhood, coupled with its creative ambiance, makes the building appeal to a wide range of tenants who appreciate design and location.”

Harry’s Pizzeria®, James Beard Award-winning Chef Michael Schwartz’s neighborhood American pizzeria, recently signed a retail lease to occupy the ground floor of Meridian Center.

Lyle Stern and Sara Wolfe of Koniver Stern Group represented the landlord in the transaction.

This new location will open in 2018, part of the chain’s expansion plans that include locations in Aventura and Sawgrass in Florida, Atlanta, Georgia, and Cleveland, Ohio, joining the three restaurants currently serving South Florida in Coconut Grove, Kendall’s Downtown Dadeland and the chef’s Miami Design District original.

Acquired in 2015, Meridian Center is in walking distance to more than 200 retail stores, cafes, and restaurants, and enjoys easy access to both I-395 (MacArthur Causeway) and I-195 (Julia Tuttle Causeway).

CREC Negotiates 88,000 SF Lease Renewal

CREC has completed a long-term, 88,000-square-foot lease renewal with Bayview Asset Management in Shops at Merrick Park Offices in Coral Gables.

The lease renewal will maintain the national mortgage investment firm’s corporate headquarters at 4425 Ponce De Leon Boulevard. Bayview Asset Management has occupied the space since the office building was delivered to the market in 2002.

CREC Partner Steven Hurwitz and Senior Vice President Douglas Okun represented GGP, owner and operator of Shops at Merrick Park Offices, while JLL Managing Director Matthew W. Cheezem represented the tenant, Bayview Asset Management.

“We were able to achieve terms for GGP to accommodate the tenant’s needs, which included ample on-site parking and facility improvements geared toward upgrading the tenant’s floors,” said Hurwitz. “We are pleased that Bayview Asset Management will remain in the building. This is a strong statement for both the project and the thriving Coral Gables submarket.”

Shops at Merrick Park Office is a Class A, five-story office building comprised of 126,019 square feet. The tower is situated immediately adjacent to the area’s high-end retail and dining destination, Shops at Merrick Park, which features anchor tenants Neiman Marcus and Nordstrom. It enjoys exposure to U.S. 1 and is within walking distance to Metrorail and the Coral Gables Trolley Station.