FCA Leases 65000 SF Office Space In Coral Gables To Tenant's Reps
LEASED
Florida
See Similar DealsOffice65,000 SF
Leased 12/09/2016
LEASED
FCA Leases 65000 SF Office Space In Coral Gables To Tenant's Reps
800 Douglas Rd, Miami, FL, 33134
See Similar DealsOffice65,000 SF
Leased 12/09/2016
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:65,000 SF
Transaction Type:Lease
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.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,725,760.78
Total Lease Value
$37,257,607.76
Net Landlord Cash Flow$3,725,760.78
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