Tony Jones, Ryan Levy and Mark Gilbert Represented MasTec in Restructuring and Extending its 65,000-Square-Foot Headquarters Lease in Douglas Entrance Office Parc
Cushman & Wakefield announced today that is has negotiated a long-term headquarters lease extension with MasTec at Douglas Entrance Office Parc in Coral Gables, FL.
The Cushman & Wakefield Tenant Advisory Team of Executive Director Tony Jones and Director Ryan Levy, along with Executive Managing Director Mark Gilbert, represented MasTec in restructuring and extending its 65,000-square-foot headquarters lease at 800 South Douglas Road.
MasTec is an American multinational company specializing in engineering, building, installing, maintaining and upgrading utility infrastructure. The company is the second-largest Hispanic-owned firm in the United States and employs more than 20,000 people in North America. Its Coral Gables headquarters houses 315 workers.
Douglas Entrance Office Parc is an iconic landmark and the only office business park in Coral Cables. The LEED-Silver certified campus features on-site property management, beautiful landscaping, a Wi-Fi connected outdoor plaza, 24/7 security, controlled access, ample parking, a full-service bistro and deli, a fitness center, a conference center and a premier banquet facility.
The campus is situated on 6.1-acre site at the intersection of Douglas Road (SW 37th Avenue) and SW 8th Street, offering exceptional access to Brickell, Downtown Miami, Miami International Airport, the Dolphin Expressway, U.S. Highway 1 and Miami Beach.
“MasTec’s prominence and willingness to commit long-term to the Coral Gables submarket and Douglas Entrance Office Parc enabled the company to secure a lease with below-market rental rates, a significant tenant improvement allowance and additional tenant-friendly concessions,” said Jones.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com
