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ADP Moves Miami Office to Waterford With 78,315-Square-Foot Lease

The lease extends a streak of large corporate commitments at the Miami campus marketed by institutional owners.

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.