The property involved in this lease transaction is an office asset located at 150 West Flagler Street in Miami. The total square footage of the asset is 96,762. This transaction is part of the Miami office market, where Class A rents average $66.97 per square foot and vacancy rates are declining.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Lease renewal
• Address: 150 West Flagler Street, Miami
• Landlord: Moishe Mana - Mana Common
• Tenant: Rick Schatz - Stearns Weaver Miller
• Landlord's Representative: Ana Paula & Stephen Rutchik - Colliers
• Tenant's Representative: Tere Blanca & Grant Gassman - Blanca Commercial Real Estate

This long-term lease renewal was facilitated by Colliers’ representatives Stephen Rutchik and Ana Paula representing the landlord, while Tere Blanca and Grant Gassman from Blanca Commercial Real Estate represented the tenant. The deal reflects significant demand within the Miami office sector.