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Securing Credit Tenants in a Time of Recession
SITUATION
- Building delivered in the midst of the recession
- Nearly 800,000 square feet of new competitive office supply delivered
- No pre-leasing
STRATEGY
- Focused and targeted canvassing program to secure credit anchor tenant
- Proactive positioning of the asset’s location and unique urban experience connecting it to the vision of CityPlace
RESULTS
- Secured 95,000 SF anchor tenant within 6 months of engagement
- Reached 95% occupancy within months and maintained occupancy above 90%
- Procured Related Group to enter into a JV agreement with ShomaGroup to develop CityPlaceDoral
Repositioned As Premier Office Park
Differentiated as a High-Tech Infrastructure
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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 […]
BLANCA CRE BRINGS THE PLAZA CORAL GABLES TO 100% LEASED
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article Blanca Commercial Real Estate and Agave Holdings announced that The Plaza Coral Gables is now 100% leased. Blanca Commercial Real Estate successfully secured the final leases […]