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In one of the deals, proptech company DoorLoop moved its headquarters to South Beach
Proptech company DoorLoop has moved its headquarters, although it remains in Miami Beach.
DoorLoop leased the entire 8,000-square-foot second floor at Lincoln Place at 1601 Washington Ave., according to a news release from the landlord’s broker. The company moved from 560 Lincoln Road.
Tere Blanca, Chris Harak and Sky Jones of Blanca Commercial Real Estate represented the landlord. Tyler De La Pena and Stephen Rutchik of Colliers represented the tenant.
New York-based Nightingale Properties owns the eight-story, 140,000-square-foot Lincoln Place after paying $80 million for the ground lease in 2016, according to filings. Elie Schwartz is CEO of Nightingale.
South Beach, long a tourist attraction, is also transforming into an office market. Ongoing projects include Eighteen Sunset at Sunset Harbour. Deco Capital Group, backed by Marc Rowan’s RWN Real Estate Partners, is developing the five-story office, retail and residential building in the 1700 block of Purdy Avenue.
Equipment rental company Sunbelt Rentals leased 96,500 square feet of industrial space in South Florida, according to the tenant’s broker.
The Fort Mill, South Carolina-based company leased the entire 55,000-square-foot warehouse at 8050 Northwest 90th Street in Medley. Terreno Realty Corporation owns the facility on 6.8 acres near the Florida East Coast Railway tracks, according to records.
Sunbelt Rentals also took 33,000 square feet in Davie at 3400 Burris Road. The property is owned by Fort Lauderdale-based Parker Realty Investments.
Near West Palm Beach, Sunbelt took 9,000 square feet at 966 Pine Road. An entity led by Thomas Michael Fucarile Jr. and Sean Michael Fucarile owns the property.
Patrick Conness of Conness Commercial Realty represented Sunbelt in the deals. Transwestern’s Carlos Gaviria represented Terreno in the Medley deal.
South Florida’s industrial market softened late last year after two years of strong leasing. In the fourth quarter, vacancies across the tri-region rose to 4 percent, up from 3.4 percent year over year.
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