INSURANCE COMPANY WITH 1,500 LOCAL STAFF TO MOVE IN OFFICE NEAR MIAMI AIRPORT
MEDIA CONTACT:
Daniella Aragon-Andre
Levy Public Relations
A global insurance company has secured 78,000 square feet of office space in the Waterford Business District in western Miami-Dade County. Atlanta-based Assurant (NYSE: AIZ) will move in Suites 500, 600 and 700 at the 701 Waterford Way
building in June 2025, a spokeswoman for Blanca Commercial Real Estate stated. It will relocate from its present office at 11222 Quail Roost Drive in South Miami Heights.
A spokeswoman from Assurant confirmed that the relocation is part of the company’s intent to sell its present office at 11222 Quail Roost Drive. The 79-acre property where Assurant’s office is located is listed for sale by Assurant’s underwriter, American Bankers Insurance Co. of Florida.
“The [new Waterford] location will be a key business hub for our 1,500 employees in the area and will support our continued growth,” said Stacie Sherer, vice president of corporate communications. Juan Ruiz, Andres del Corral, Jack Davidson, Jessy Aguila, and Tere Blanca of Blanca Commercial Real Estate represented the landlords of 701 Waterford Way in the lease negotiations. Brent Woodruff, Matthew Goodman, and Tyler Wyant of CBRE represented Assurant. The Assurant deal is among the largest lease deals so far this year.
The Waterford Business District is a 250-acre business park near Miami International Airport, and tenants include companies such as Subway, Burger King, FedEx, and Lennar.
Nuveen Real Estate and Pimco Prime Real Estate, LLC (formerly Allianz Real Estate), through their affiliate WRC Properties, own seven buildings in the Waterford Business District. Besides Subway, other tenants that have secured space in WRC Properties-owned offices include the Miami Herald and UnitedHealthcare.
Many companies in South Florida have opted to sell and/or downsize their office space as a means to improve their bottom lines and adapt to employees working from home at least part of the week. Last year, Ryder sold its corporate headquarters in Medley to Bridge Industrial for $42.1 million while Office Depot sold its Boca Raton office complex to Pebb Enterprises and BH Group for $104 million. Following the sale, Ryder (NYSE: R) announced it would move its headquarters to a 40,000-square-foot office in Coral Gables. Office Depot remained on its campus, but downsized its office from 650,000 square feet to 285,000 square feet as a tenant.
