Shorenstein Properties LLC today announced that Blackstone has signed a 41,000-square-foot lease at 2 MiamiCentral in Downtown Miami.
Blackstone intends to create a new office to expand the firm’s in-house technology capabilities with plans to hire more than 200 tech-focused employees in Miami in the coming years.
The building is located in Miami’s thriving downtown district, immediately adjacent to the MiamiCentral train station.
“Miami is a vibrant city with a pipeline of top technology talent available from best in class university programs, as well as an experienced workforce that will enable us to diversify our talent pool and grow our technology team. 2 MiamiCentral’s prime downtown location and access to mass transit make it an ideal office location,” said John Stecher, Blackstone’s Chief Technology Officer.
Shorenstein said following today’s announcement, 2 MiamiCentral is now 98 percent leased to a diverse base of national, institutional tenants including Carlton Fields, Ernst & Young and New Fortress Energy.
“Shorenstein is pleased to welcome Blackstone to 2 MiamiCentral and Downtown Miami,” said Claude Esposito, Vice President, Capital Transactions at Shorenstein. “South Florida has long been a strategic focus for Shorenstein, and Blackstone’s commitment to 2 MiamiCentral is a testament to the property’s distinct features and desirable, transit-oriented location. As the working world continues to evolve, we remain focused on providing our tenants with high-quality office spaces that are equipped with cutting edge technology to prioritize safety and sustainability.”
“This is an exciting deal that comes as Miami sees a wave of new-to-market activity. The South Florida office market is thriving and continues to attract world class tenants such as Blackstone,” said Danet Linares, Vice Chairman of Blanca Commercial Real Estate. “This deal affirms South Florida’s position as the technology hub in the southeast.”
Financial terms of the lease were not disclosed. Blackstone was represented by Alan Kleber and Ryan Nunes of JLL. Shorenstein was represented by Danet Linares of Blanca Commercial Real Estate with support from Andres del Corral and CEO Tere Blanca.