World News – USA – Blackstone Inks Lease at MiamiCentral in downtown Miami

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The Blackstone Group signed a long-term lease in downtown Miami, consolidating their planned expansion into South Florida.

Blackstone announced in October that it would open an office in downtown Miami with more than 200 technical staff. The New York-based private equity giant will become 41st year old according to a press release at 2MiamiCentral. Lease 000 square meters. Blackstone has a temporary office in the Southeast Financial Center, executives said during a webinar in November.

Shorenstein Properties owns 2MiamiCentral and 3MiamiCentral, the office buildings in the mixed-use MiamiCentral development developed by Brightline parent company Florida East Coast Industries.

Blackstone has signed a multi-year lease of contiguous space on two full floors with 2MiamiCentral, said Danet Linares, vice chairman of Blanca Commercial Real Estate. Linares declined to provide any further information about the lease. The company plans to open this summer.

Alan Klebar and Ryan Nunes from JLL represented Blackstone. Linares represented the landlord Shorenstein together with Andres del Corral and Tanc Blanca, CEO of Blanca.

Blackstone is reportedly the unnamed company behind Confidential Project Sunshine, which has given the company up to $ 650 in incentives over a 10-year period. $ 000 offers. Miami-Dade approved the resolution in October.

Linares said the element of mass transit appealed to Blackstone. MiamiCentral includes Brightline’s Miami station, which connects to Fort Lauderdale and West Palm Beach, although service was suspended at the start of the pandemic in March. It will eventually include a TriRail station. It’s also close to the Metromover and Metrorail.

Shorenstein paid more than $ 159 million for the office buildings and retail space on the ground floor of MiamiCentral in 2019.

Blackstone is just one of many finance and technology firms opening a business in South Florida. Billionaires Carl Icahn and Barry Sternlicht have moved their companies’ headquarters to the area, and more are joining them. Paul Singer moves Elliott Management’s headquarters from Manhattan to West Palm Beach.

Virtu Financial plans to sign a 10-year lease in Palm Beach Gardens to relocate about 30 people from New York, Bloomberg reported on Monday.

Many tech investors have also moved, including Shutterstock founder Jon Oringer and PayPal investor Keith Rabois.

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Miami, MiamiCentral Station, The Blackstone Group, Shorenstein, Real Estate, Leasing

World News – USA – Blackstone Inks Lease at MiamiCentral in downtown Miami

Ref: https://therealdeal.com

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