CREC Lands Miami Office Assignment
The firm will oversee leasing operations at Renaissance Properties’ Class A, 252,244-square-foot Aventura Corporate Center. The owner renovated the office asset following its acquisition of the property in 2016.
By Jeff Hamann
Aventura Corporate Center
Renaissance Properties has selected CREC to lease Aventura Corporate Center, a 252,244-square-foot Class A office asset near Miami. Steven Hurwitz and Douglas Okun will lead the leasing team. Cushman & Wakefield previously had the leasing assignment for the three-building campus.
Renaissance acquired the asset in May 2016 for $105.3 million from Groupe Pacific, according to Yardi Matrix. Renaissance Properties invested upwards of $5 million in renovation work since the firm acquired the campus.
Located at 20801, 20803 and 20807 Biscayne Blvd. in the Miami suburb of Aventura, the five- and six-story buildings are situated on 10.5 acres, 1.5 miles from Interstate 95. The Aventura Hospital & Medical Center and the 2.8 million-square-foot Aventura Mall are a short distance away. The area is connected to the rest of the Miami area via a nearby bus stop.
Aventura Corporate Center has a vacancy rate of 14.8 percent. The buildings’ major tenants include Morgan Stanley, Memorial Healthcare System, Coconut Grove Bank, Regus and Serendipity Labs.
Image courtesy of Renaissance Properties
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