Repositioned As Premier Office Park in South Florida
SITUATION
- Office park was perceived as dated and lacked amenities.
- 25% vacancy and large tenants were rolling over the next 12 to 24 months.
STRATEGY
- Recommended strategic renovations of the common areas and new amenities that were approved and implemented.
- Repositioned as the premier office park in South Florida.
- Launched customized branding, marketing and leasing program; identified and solicited credit tenants with leases expiring in 12-24 months and retained the key tenants that were expiring.
RESULTS
- Secured more than 160,000 square feet of leases over an 18-month span while increasing rents by 11%.
- Successfully launched a spec suite program and leased within a few months at top market rents.
- To date, Royal Palm continues to lead the market and has maintained over 90% occupancy since Blanca team launched new leasing program in 2015.
MIAMI QUIETLY RECLAIMS ITS CRYPTOCURRENCY CROWN AS MARKET SIGNALS POINT TO PROMISING COMEBACK
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article The Magic City could soon be better known as the “Crypto City,” as certain market signals have risen to the surface and […]
BLANCA CRE EXPANDS SOUTH FLORIDA OFFICE PORTFOLIO INTO BOCA RATON, GREATER FORT LAUDERDALE
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article Blanca Commercial Real Estate announced its expansion in Boca Raton as the exclusive leasing agent for three PEBB Enterprises office properties in Boca Raton and Greater […]