{"id":1004581520,"date":"2022-05-23T03:56:21","date_gmt":"2022-05-23T11:56:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004581520"},"modified":"2022-12-08T17:09:50","modified_gmt":"2022-12-09T01:09:50","slug":"four-700-inks-full-building-office-lease-in-miami","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/","title":{"rendered":"Four 700 Inks Full-Building Office Lease in Miami"},"content":{"rendered":"
\"JLL<\/a>

Quattro Miami. Image courtesy of JLL<\/p><\/div>\n

Medical research company Evolution Research Group<\/strong> has leased the entirety of a 75,000-square-foot, four-story Class A office building in Miami\u2019s Airport West submarket. JLL <\/strong>represented the landlord, Four 700 LLC<\/strong>, in the lease negotiations.<\/p>\n

ERG will be relocating from Hialeah and adding 45,000 square feet to its footprint with the move. The company is a contract research organization and is headquartered in New Jersey.<\/p>\n

The building is designated as Quattro East and is at 700 NW 107th Ave., where it\u2019s part of Quattro Miami, a four-building Class A office park.<\/p>\n

\n

READ ALSO<\/strong>: Miami\u2019s Mayor on the City\u2019s Growing Tech Sector<\/a><\/p>\n

\n
\"JLL<\/a>

Quattro Miami. Image courtesy of JLL<\/p><\/div>\n

Four 700 LLC owners Guy Sharon and Yoav Merary rebranded the park and reportedly invested \u201csignificant capital\u201d in revitalizing the four buildings, all of which feature updated fa\u00e7ades, lobbies, common areas and restrooms, new elevator controls and cabs, a revamped caf\u00e9, a renovated fitness center, and a new conferencing center.<\/p>\n

Quattro Miami is easily accessed from some of Miami\u2019s major highways, including State Road 836 (Dolphin Expressway), State Road 821 (Florida\u2019s Turnpike) and State Road 826 (Palmetto Expressway). In addition, Miami International Airport is less than 6 miles away.<\/p>\n

JLL Managing Director Doug Okun represented Four 700 LLC, and David Herbert, Donna Abood and Joseph Abood of Avison Young represented ERG.<\/p>\n

Small is beautiful<\/h2>\n

As part of the Quattro Miami branding, Sharon said, the goal was to \u201coffer office spaces of all kinds from micro-offices at the Quattro Lab, to midsize and big size companies,\u201d while using amenities like the caf\u00e9, fitness center and conference center to create a sense of community.<\/p>\n

\"JLL<\/a>

Quattro Caffe. Image courtesy of JLL<\/p><\/div>\n

Since about this time last year, the Miami office market has seen outsized demand for boutique office spaces<\/a> of about 3,000 to 5,000 square feet, a trend that preceded the pandemic, but also was accelerated by it.<\/p>\n

Miami\u2019s office market has seen average asking rents climb for seven consecutive quarters, as supply tightens and demand remains strong, according to JLL\u2019s first-quarter Office Insight report for Miami-Dade.<\/p>\n

Class A space in the Miami Airport submarket currently has an average vacancy of 22.9 percent and average direct asking rent of $37.55, on an inventory of about 5.7 million square feet, also according to JLL.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL represented owners Guy Sharon and Yoav Merary in the transaction. <\/p>\n","protected":false},"author":882,"featured_media":1004581540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1492,21742,21747],"tags":[32796],"class_list":["post-1004581520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-miami","category-latest","category-office","tag-jll"],"acf":[],"yoast_head":"\nFour 700 Inks Full-Building Office Lease in Miami - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"JLL represented owners Guy Sharon and Yoav Merary in the office lease transaction with a medical research company.\" \/>\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\/four-700-inks-full-building-office-lease-in-miami\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four 700 Inks Full-Building Office Lease in Miami\" \/>\n<meta property=\"og:description\" content=\"JLL represented owners Guy Sharon and Yoav Merary in the office lease transaction with a medical research company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-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=\"2022-05-23T11:56:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:09:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Quattro-Miami.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"814\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/four-700-inks-full-building-office-lease-in-miami\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/\",\"name\":\"Four 700 Inks Full-Building Office Lease in Miami - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Quattro-Miami.jpg\",\"datePublished\":\"2022-05-23T11:56:21+00:00\",\"dateModified\":\"2022-12-09T01:09:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"JLL represented owners Guy Sharon and Yoav Merary in the office lease transaction with a medical research company.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/four-700-inks-full-building-office-lease-in-miami\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Quattro-Miami.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Quattro-Miami.jpg\",\"width\":814,\"height\":600,\"caption\":\"Quattro Miami. 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