FCA Leases 65000 SF Office Space In Coral Gables To Tenant's Reps

The office asset involved in the transaction is located at 800 Douglas Rd, Miami, FL, 33134, in the Coral Gables market. The property spans 65,000 square feet and serves as the headquarters for MasTec, housing its 315 local employees.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Tenant's Rep: Mark Gilbert (Cushman & Wakefield), Ryan Levy (Cushman & Wakefield), Tony Jones (Cushman & Wakefield)
• Landlord: FCA

Cushman & Wakefield's Tony Jones, Ryan Levy, and Mark Gilbert played integral roles in brokering the long-term renewal deal for MasTec at the iconic 800 South Douglas Road building. MasTec's commitment to the Coral Gables submarket and Douglas Entrance Office Parc enabled the company to secure favorable lease terms, including below-market rental rates, a significant tenant improvement allowance, and other tenant-friendly concessions.