The office space located at 701 Waterford Way in Miami, spanning 78,000 square feet, has been leased. The landlord, Nuveen Real Estate, and PIMCO Prime Real Estate, sealed the deal with tenant Assurant, who will be relocating 1,500 employees to the premises by 2025.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 701 Waterford Way
• Market: Miami

The deal was facilitated by Blanca Commercial Real Estate acting as the landlord's representatives. On the other side, CBRE represented the tenant. This lease agreement stands as Miami's second-largest office deal this year, following a larger agreement by MSC Group in Overtown. Assurant's lease marks a significant move in the Waterford Business District, solidifying its presence with a sizable employee migration set for completion over the next few years.