Keystone Property Group Signs First Lease at Miami Lakes Business Center
Dade Medical College Signs on for 39,971 Square Feet at Repositioned Complex
MIAMI LAKES, FL (Repost from June 2011) – Keystone Property Group, a leading real estate developer, manager and investor of office and industrial properties, announced today that the company has signed its first tenant at Miami Lakes Business Center, a 145,545 square-foot two-story office building in Miami Lakes, FL.
Dade Medical College signed a long-term 39,971-square-foot lease. The college will use its space in the building for additional teaching facilities.
”The property has attracted significant interest from a number of educational institutions, said Noël Steinfeld, Vice President, Office Properties, CB Richard Ellis Brokerage Services, which is the exclusive leasing agent for the property.
“Miami Lakes Business Center represents a great opportunity for Dade Medical College to occupy high-quality advanced space in a great location that supports the institution’s ability to continue to prepare students with employable skills,” Steinfeld added. “This lease will have a tremendous impact on the Miami Lakes area and we expect other tenants to join Dade Medical at this complex in the near future.”
Irving J. Diaz & Associates, P.L represented the tenant in the lease transaction.
“Our firm was extremely fortunate to have had the opportunity to represent Dade Medical College in the leasing of their new Miami Lakes location,” said Irving J. Diaz. “We are confident they will contribute immensely to the local area and make for exemplary community partners.”
With more than 400 full-time employees staffing Dade Medical College’s four area campuses and corporate office, the school features a fully-licensed and certified faculty and offers Associate of Science degrees in programs such as nursing, radiology, diagnostic cardiac sonography, medical billing and coding and more.
”Dade Medical College and Primary Healthcare Centers are thrilled to be moving our facilities to the Miami Lakes Business Center,” said the President & CEO of both organizations, Ernesto Perez. “We look forward to becoming part of the community and are very excited about continuing to offer outcome-based educational opportunities and expanding the quality healthcare services available to the area’s residents. We are proud to say this will be our fifth Primary Healthcare Center opening in fiscal year 2011.”
In late 2008, Keystone acquired the building, which had been a Bank of America facility, for $11.4 million. The 10.71-acre site, which was 100 percent vacant at the time of the acquisition, offers direct access to the Palmetto Expressway, and is conveniently located near to I-75, the Florida Turnpike, and I-95. The property also features ample parking, with 5.5 parking spaces per 1,000 square feet of space.
“When purchasing this property, Keystone made a commitment to enhance this building through a strategic repositioning program so that it could effectively address market demand, and this lease with Dade Medical College is a validation of our efforts,” said Bill Glazer, President of Keystone Property Group. “We have undertaken significant renovations at the property including the addition of high-impact glass windows, a re-skinned exterior and new lush landscaping, which provide tenants with a modern, upscale business environment.”
###
About Keystone Property Group
Keystone Property Group is a leading real estate investor and developer, with offices located in Bala Cynwyd, Pa.; Chicago, Ill.; Miami, Fla.; and New York, NY. Keystone also sponsors and manages a series of opportunistic real estate investment funds. Keystone creates value for its investors through development, redevelopment, financing, leasing, property management and asset management. The company has been recognized by Inc. 500 magazine, the Entrepreneurs’ Forum and the Wharton Small Business Center, and several of its projects have earned “Best Real Estate Awards” from the Philadelphia Business Journal and BOMA (Chicago). For more information, please visit www.keystonepropertygroup.com.
FOR IMMEDIATE RELEASE
CONTACT:
Christa Segalini
Beckerman
201-465-8021
CSegalni@beckermanpr.com
###
Irving J. Diaz & Associates, P.L. – Licensed Real Estate Brokerage – www.irvingdiaz.com
