{"id":1004096833,"date":"2014-05-20T13:28:26","date_gmt":"2014-05-20T21:28:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004096833"},"modified":"2022-12-09T00:22:38","modified_gmt":"2022-12-09T08:22:38","slug":"parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\/","title":{"rendered":"Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami"},"content":{"rendered":"

By Anna Spiewak, News Editor<\/em><\/p>\n

\"Courvoisier<\/a><\/p>\n

Parkway Properties has hired Transwestern to lease Courvoisier Centre, a 346,000-square-foot office building located on Brickell Key in Miami.<\/p>\n

Parkway Properties bought the two-building Class A asset in early April for $146 million. The complex’s address is 501 and 601 Brickell Key Drive on Brickell Key in Biscayne Bay. It is the sole office project on the island with amenities including banking facilities, a gourmet grocery store, dry cleaners and other retailers. In 2013, the center underwent a facelift that entailed upgrades to the lobbies, restrooms and corridors, as well as the addition of \u00a0a new fitness center. The gated island community also includes luxury residential condos and a five-star Mandarin Oriental Hotel, according to the news release.<\/p>\n

Transwestern’s Senior Vice President Eric Groffman and Senior Associate Josh Gibbons intend to lease and market the property on behalf of Parkway.<\/p>\n

The buildings are currently 85 percent leased, with new deals in the works. Transwestern representatives expect to reach 90 percent occupancy in the near future, according to Groffman.\u00a0Courvoisier Centre is currently home to multiple brand name firms, including Sony Pictures, Young and Rubicam Inc. and Turner Broadcasting, which uses part of its space to tape live daily shows for CNN.<\/p>\n

\"Eric<\/a>

Eric Groffman, Transwestern<\/p><\/div>\n

“The property\u2019s location is one of its strongest attributes. Situated on the beautiful, tropical Brickell Key, it\u2019s right off Miami\u2019s financial district and offers tenants magnificent views of both Biscayne Bay and the Miami Central Business District skyline,” Groffman told\u00a0Commercial Property Executive<\/em>. “We are looking to build upon the existing diverse tenant roster in the building and continue to attract firms in creative and entertainment industries, as well as financial services, law firms and international firms\u2019 Latin American headquarters.”<\/em><\/p>\n

There’s a healthy increase in new demand in Miami’s office market, as well as expansion by the existing tenant base. With limited new office development on the horizon, the available supply is shrinking, creating upward movement on office rents, according Groffman.<\/p>\n

“We are very excited that we are able to acquire a first-class asset like Courvoisier Centre,” said Shirley Hall, vice president and managing director of Parkway Properties in the news release. “The quality of the assets, coupled with the extensive renovations and unobstructed views fit perfectly with our plan to expand the services and amenity base to attract those tenants seeking teh best experience for their business needs.”<\/p>\n

Parkway Properties is a self-administered and self-managed REIT that specializes in the acquisition, ownership and management of office properties in higher-growth submarkets in the Sunbelt region of the U.S.\u00a0Parkway owns\/has an interest in 50 office properties located in eight states with an aggregate of approximately 17.6 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Parkway Properties has hired Transwestern to lease Courvoisier Centre, a 346,000-square-foot office building located on Brickell Key, Miami.<\/p>\n","protected":false},"author":952,"featured_media":1004096870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1492,21742,21747],"tags":[],"class_list":["post-1004096833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-miami","category-latest","category-office"],"acf":[],"yoast_head":"\nParkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami\" \/>\n<meta property=\"og:description\" content=\"Parkway Properties has hired Transwestern to lease Courvoisier Centre, a 346,000-square-foot office building located on Brickell Key, Miami.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-20T21:28:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:22:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Courvoisier-Centre-Photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"533\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami\",\"datePublished\":\"2014-05-20T21:28:26+00:00\",\"dateModified\":\"2022-12-09T08:22:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/\"},\"wordCount\":467,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/Courvoisier-Centre-Photo.jpg\",\"articleSection\":[\"Brokerage\",\"Miami\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/parkway-properties-taps-transwestern-to-lease-346-ksf-office-complex-in-miami\\\/\",\"name\":\"Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami - 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