{"id":1004517475,"date":"2021-03-22T04:39:50","date_gmt":"2021-03-22T12:39:50","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004517475"},"modified":"2021-12-28T03:45:20","modified_gmt":"2021-12-28T11:45:20","slug":"blackstone-expands-in-miami-with-230m-office-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-expands-in-miami-with-230m-office-buy\/","title":{"rendered":"Blackstone Expands in Miami With $230M Office Buy"},"content":{"rendered":"
\"\"

3 MiamiCentral<\/p><\/div>\n

On the heels of Blackstone signing a 41,000-square-foot lease<\/a> for its tech team at the recently constructed 2 MiamiCentral in Miami, funds managed by Blackstone Real Estate have purchased the entire asset along with the neighboring 3 MiamiCentral. Shorenstein Properties sold the pair of downtown office buildings for $230 million.<\/p>\n

According to CommercialEdge data, Shorenstein picked up the properties in 2019, the year after they delivered. The towers represent the office component of the Miami Central mixed-use development, which spans more than six blocks in the Government Center district. Incorporating the MiamiCentral train station, the development includes retail amenities as well as more than 800 residential units across two 30-story high-rises.<\/p>\n

The office towers are LEED and Energy Star certified and were 98 percent occupied at the time of the sale, with lease agreement terms averaging 8 years. The tenant roster includes Carlton Fields, Ernst & Young, New Fortress Energy and ViacomCBS.<\/p>\n

2 & 3 MiamiCentral<\/h2>\n
\"\"<\/a>

2 MiamiCentral<\/p><\/div>\n

The 202,438-square-foot 2 MiamiCentral rises 17 stories at 700 NW First Ave. and includes a fitness center, nearly 7,500 square feet of retail and a five-level parking structure. Blackstone\u2019s Technology & Innovations group\u2019s commitment at the location in early 2021 brought the building\u2019s occupancy to 98 percent. Last week, the private equity giant expanded its Midtown Manhattan headquarters<\/a>, taking on an additional 80,000 square feet at\u00a0Rudin Management Co.\u2019s 44-story tower at\u00a0345 Park Ave.<\/p>\n

The 131,000-square-foot, 12-story 3 MiamiCentral building is located at 161 NW Sixth St. and has 35,000-square-foot floorplates. The property encompasses ground-floor retail space\u2014currently housing a Publix supermarket\u2014as well as seven levels of parking.<\/p>\n

Recently, Shorenstein completed a mixed-use megaproject<\/a> dubbed The Main Las Olas, stretching across an entire block in downtown Fort Lauderdale, Fla. The 25-story development incorporates a 385,000-square-foot Class A office high-rise, a 341-unit residential tower and a Publix GreenWise Market, along with additional retail space.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pair of Class A buildings in the city center span a combined 330,000 square feet.<\/p>\n","protected":false},"author":739,"featured_media":1004528789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,1492,21742,21747],"tags":[33234,32779,33448,33129],"class_list":["post-1004517475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-miami","category-latest","category-office","tag-energy-star","tag-leed","tag-shorenstein-properties","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nBlackstone Expands in Miami With $230M Office Buy - 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\/blackstone-expands-in-miami-with-230m-office-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Expands in Miami With $230M Office Buy\" \/>\n<meta property=\"og:description\" content=\"The pair of Class A buildings in the city center span a combined 330,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-expands-in-miami-with-230m-office-buy\/\" \/>\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=\"2021-03-22T12:39:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-28T11:45:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/3-MiamiCenter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-expands-in-miami-with-230m-office-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-expands-in-miami-with-230m-office-buy\/\",\"name\":\"Blackstone Expands in Miami With $230M Office Buy - 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