Overview

• ADP executed a 78,315-square-foot lease, one of Miami’s largest this year, relocating from 10200 Sunset Drive near Kendall to the Waterford Business District.
• The new office is at the corner of Northwest 65th Avenue and Northwest Seventh Street just south of Miami International Airport.
• Blanca Commercial Real Estate represented landlords Nuveen Real Estate and PIMCO Prime Real Estate in the transaction.
• Nuveen characterized the agreement as evidence of leading companies’ confidence in Waterford’s workplace offering.
• The 250-acre campus totals about 3 million square feet and has recently logged major activity, including Verizon’s 51,484-square-foot lease, Assurant’s roughly 78,000-square-foot lease, and Carnival’s $27 million land purchase for a planned headquarters.