{"id":1004151481,"date":"2016-09-01T06:42:20","date_gmt":"2016-09-01T14:42:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151481"},"modified":"2022-03-04T10:23:54","modified_gmt":"2022-03-04T18:23:54","slug":"cush-wake-tapped-to-lease-miami-beach-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cush-wake-tapped-to-lease-miami-beach-office-asset\/","title":{"rendered":"Cush &amp; Wake Tapped to Lease Miami Beach Office Asset"},"content":{"rendered":"<p><em>By Robert Demeter<\/em><\/p>\n<div id=\"attachment_1004151483\" style=\"width: 316px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004151483\" data-attachment-id=\"1004151483\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-tapped-to-lease-miami-beach-office-asset\/attachment\/5452\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1688 Meridian Avenue\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1688 Meridian Avenue&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg?w=640\" class=\" wp-image-1004151483\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg\" alt=\"1688 Meridian Avenue\" width=\"306\" height=\"245\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 306px) 100vw, 306px\" \/><\/a><p id=\"caption-attachment-1004151483\" class=\"wp-caption-text\">1688 Meridian Ave., Miami<\/p><\/div>\n<p><strong>Miami<\/strong>\u2014<a href=\"https:\/\/www.cushmanwakefield.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Cushman &amp; Wakefield<\/a> has been recently named the exclusive leasing agent for 1674 and 1688 Meridian Ave., two office buildings totaling nearly 120,000 square feet located in the heart of South Beach.<\/p>\n<p>Gordon Messinger, managing director with C&amp;W will oversee leasing efforts for both buildings for the Connecticut-based owner <a href=\"https:\/\/www.ivy-realty.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Ivy Realty<\/a>. Ivy acquired the assets in July for $49 million according to <em>The Real Deal<\/em>. The company is beginning a significant capital improvement program, including renovation of the lobbies, bathrooms and corridors as well as the build-out of spec spaces.<\/p>\n<p>\u201c1674 and 1688 Meridian Avenue offer tenants a tremendous opportunity to occupy space in one of Miami Beach\u2019s most desirable neighborhoods,\u201d said Messinger. \u201cWe expect heightened interest in these buildings due the commitment from Ivy Realty and its proximity to Lincoln Road.\u201d<\/p>\n<p>Built in 1961 and renovated in 1999, 1688 Meridian Ave. is a 10-story office tower that boasts a total of 89,834 rentable square feet with 9,687-square-foot floor plates, according to <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Yardi Matrix<\/a>. The building also includes 7,600 square feet of ground-floor retail space. 1674 Meridian Ave. is a five-story office building and features 30,123 rentable square feet. Both buildings feature on-site parking.<\/p>\n<p>Major tenants include Regus, which recently leased two full floors in 1688 Meridian, global modeling agency Next Model Management, and SCPF, a division of acclaimed advertising agency J. Walter Thompson Worldwide.<\/p>\n<p>1674 and 1688 Meridian Ave. are located at the southwest corner of Meridian Avenue and 17th Street. The buildings are one block north of Lincoln Road Mall, a mile-long, pedestrian-only promenade.<\/p>\n<p>In May,\u00a0Ivy Realty acquired <a href=\"https:\/\/www.commercialsearch.com\/news\/ivy-realty-acquires-68m-miami-office-portfolio\/\" target=\"_blank\" rel=\"noopener\">a five-building office portfolio<\/a> in Miami, with\u00a0C&amp;W handling the negotiations and arranging financing for the assets.<\/p>\n<p><em>Photo courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ivy Realty-owned portfolio consists of the 1674 and 1688 Meridian Ave. office buildings, which total roughly 120,000 square feet.<\/p>\n","protected":false},"author":59,"featured_media":1004151483,"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-1004151481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-miami","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cush &amp; Wake Tapped to Lease Miami Beach Office Asset - 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\/cush-wake-tapped-to-lease-miami-beach-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cush &amp; Wake Tapped to Lease Miami Beach Office Asset\" \/>\n<meta property=\"og:description\" content=\"The Ivy Realty-owned portfolio consists of the 1674 and 1688 Meridian Ave. office buildings, which total roughly 120,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-tapped-to-lease-miami-beach-office-asset\/\" \/>\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=\"2016-09-01T14:42:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T18:23:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/5452.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Demeter\" \/>\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\\\/cush-wake-tapped-to-lease-miami-beach-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cush-wake-tapped-to-lease-miami-beach-office-asset\\\/\"},\"author\":{\"name\":\"Robert Demeter\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b890baecdbd25af52e3a730ac8cff6f\"},\"headline\":\"Cush &amp; 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