New Location Enables UM To Reposition Non-Medical Staff Off Campus

Savills Studley, the leading commercial real estate firm specializing in tenant representation, announced today that it has arranged a long-term 18,300 square-foot sublease with the University of Miami (UM) for office space at Flagler Station, a 10.5 million-square-foot business park at 9675 NW 117th Avenue in Northwest Miami-Dade County.

The new sublease enables the University to consolidate space and reposition non-medical staff to a location off the downtown medical campus. The sublease commenced in October 2016 and includes space on the 3rd floor.

Savills Studley’s Senior Vice President, Branch Manager Robert Orban and Associate Tyler Wyant represented UM in the 8.5-year subleasing transaction. The sublessor, Brink’s, Inc., was represented by Keith Edelman and Scott Goldstein of Avison Young.

“This space is a perfect fit for the University’s needs,” explained Orban, “and the fact that we were able to secure fully built-out space with furniture, fixtures and equipment at such an attractive sublease rate made it a win-win for both parties.”

Flagler Station, with its own dedicated Florida Turnpike interchange, features on-site property management, restaurants and hotels in the immediate vicinity and proximity to I-75.

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 30 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

For more information, please visit www.savills-studley.com and follow us on LinkedIn and Twitter @SavillsStudley.