CP Group Announces More Than 47,000 SF in Leasing at One Southeast Third Avenue in Miami, Florida

Marquee office tower, formerly known as SunTrust International Center, finalized agreements with 14 tenants across the technology, real estate, and financial industries

CP Group, the largest office landlord in Miami, today announced 13 new leasing agreements totaling 47,533 square feet at One Southeast Third Avenue — a 440,000-square-foot, 31-floor premier office tower in the heart of Downtown Miami. PCCP, LLC acquired the office building, formerly SunTrust International Center, in 2018.

The new tenants at One Southeast Third Avenue are as follows:

• HealthCase, a world-class provider of healthcare and healthcare assistance solutions, which leased 7,925 square feet.
• Newgard, one of the leading real estate development companies in Florida, which leased 5,318 square feet.
• On The Map, an award-winning digital marketing agency, which leased 4,117 square feet.
• Robert Derector (RDA), a national full-service MEP engineering firm, leased 1,596 square feet to open its first South Florida outpost with plans to grow in the region. Ryan Rosalsky of Newmark represented RDA.
• Cresa, the world’s largest occupier-only commercial real estate advisory company, which leased a 4,173 square-foot suite. Its own Bob Orban represented Cresa.
• Passes, a new tech startup founded by serial entrepreneur Lucy Guo, which leased a 3,274 square-foot office suite. Adam Bernstein of JLL represented Passes.
• DarrowEverett LLP, a full-service national business law firm, which leased a 3,035-plus square-foot suite. Eric Wasserman of Acropolis Commercial Advisors LLC represented DarrowEverett LLP.
• Local Staffing, a technology-driven staffing company, which leased a 2,722-square-foot suite.
• CIFC Asset Management, an alternative credit specialist serving institutional investors globally with approximately $40 billion of assets under management, which leased a 2,733-square-foot office suite. Alex Marquez of Blanca Commercial Real Estate represented CIFC Asset Management.
• Navicon, a family-owned, luxury construction company, which leased a 2,612-square-foot suite.
• Fair Price Vehicles, a premium dealer of used cars, which leased a 3,476-square-foot office suite.
• Traba, a technology company that connects light industrial workers with businesses to fill open shifts, which leased 2,774 square feet. Adam Bernstein of JLL represented Traba.
• Hare Media Group, which provides information retrieval services, data reports, and identity monitoring services, which leased approximately 2,306 square feet.

Additionally, Bohler Engineering – a leading engineering firm with 29 officers across the U.S. – which expanded its space from 3,444 square feet to 4,948 square feet. Clarissa Willis of CBRE represented Bohler Engineering.

Cristina Glaria, Harrison Mischel, Jon Blunk, and Laurel Oswald of TCRE, who serve as the leasing agents for the building, represented PCCP, LLC and CP Group in all agreements.

“We are proud to welcome this innovative mix of tenants to One Southeast Third Avenue,” said John Osborne, Senior Vice President at CP Group. “We believe this leasing velocity serves as a testament to the renewed appeal of Downtown Miami’s office market, driven by the delivery of world-class amenities on-site and in the surrounding neighborhood.”

The office tower also offers three floors of worCPlaces “Spec Places” — CP Group’s spin on traditional, move-in ready spec suites —strategically installed during the pandemic in anticipation of the return to office. Another floor of Spec Places is currently in-progress to meet heightened tenant demand.

“We saw an opportunity to deliver high-end, move-in ready space that supports our tenant’s goals to attract talent and bring their employees back into the office,” said Cristina Glaria, Senior Vice President at TCRE. “We believe, in hindsight, even bullish projections seem bearish given these market dynamics and migration from the Northeast.”

The suites continue to meet with strong demand, as tenants including international 24-hour news channel Al Jazeera, and Marx Rosenthal, a transaction-focused law firm, recently renewed agreements for leases signed last year.

Following a recently completed multi-million-dollar renovation, One Southeast Third Avenue boasts a state-of-the-art fitness center, conference facility, 16,000-square-foot penthouse floor, and rooftop terrace. The building is also WELL Health-Safety Rated, LEED Certified Gold, and Wired Certified Gold.

About CP Group

Active in the commercial real estate business for over 35 years, CP Group has established a reputation as a premier owner, operator, and developer of office and mixed-use projects throughout the Southeast and Southwest United States. Since 1986, CP Group has acquired and managed over 165 properties, totaling over 56 million square feet, valued at nearly $8 billion. It is currently Florida’s largest and Atlanta’s second-largest office landlord and ranks 25th largest in the United States. Headquartered in Boca Raton, Florida, the firm has a corporate office in Atlanta and regional offices in Denver, Miami, Jacksonville, Dallas, and Washington, DC. To learn more about the company, visit CPGcre.com.

About PCCP, LLC

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $21.0 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 24-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $36.8 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

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