Journey company Distinctive Holidays inked a 53,119-square-foot lease on the 5505 Wexford workplace constructing in Miami’s Airport submarket.
Distinctive Holidays, an affiliate of resort firm Sandals Resorts, is shifting from Glenvar Heights at 4950 SW 72nd Avenue. The relocation marks an growth for the journey agency, in response to Avison Younger’s Donna and Joe Abood, who represented the tenant. They didn’t present the sq. footage of the corporate’s present workplace.
The brand new workplace, a part of a lease that’s over 10 years lengthy, will home roughly 200 workers. It’s slated to open by the tip of the yr.
Situated at 5505 Blue Lagoon Drive, the 212,619-square-foot property sits simply south of the Dolphin Expressway that abuts Miami Worldwide Airport.
Distinctive Holidays’ deal will carry the nine-story constructing to full occupancy. The agency will share the constructing with development firm Lennar Houses, which homes its headquarters between the fourth and ninth flooring. Burger King beforehand occupied your complete constructing for its headquarters earlier than it moved close by to 5707 Blue Lagoon Drive in 2018.
The property at 5505 Wexford is the one multi-tenant constructing absolutely leased right this moment inside Waterford Enterprise District, dwelling to different big-name corporations akin to Subway, FedEx, L’Oreal, and Airbus, mentioned CBRE’s Gordon Messinger, who represented the owner, Franklin Road Properties Corp.
Asking lease at 5505 Wexford was “near $40 a foot,” the dealer added.
Julia Echikson will be reached at Juliaechikson@commercialobserver.com.
