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PRESS RELEASE: Transwestern Continues To Capitalize on Large Scale Renewal Trend With 50,000 Square Feet Of Leases At Beacon Centre

DORAL, FL – Transwestern’s South Florida office is pleased to announce the signing of a new long-term lease with Pinto Transfer & Packaging Corp. for 25,000 square feet and a direct renewal with Premium Flowers for 25,000 square feet both at Beacon Centre, a Class A business park located at NW 25th Street and NW 84th Avenue in Doral, Fla. With these transactions, Transwestern has consummated approximately 190,000 square feet of deals this year at Beacon Centre on behalf of RREEF and have consistently held Beacon Centre at 100 percent occupancy.

Transwestern’s Senior Vice President Thomas Kresse, Ben Eisenberg and Walter Byrd, Managing Directors of the South Florida offices, and Carlos Gaviria, Associate, completed the transaction on behalf of the landlord. “Our ability to maintain 100 percent occupancy is reflective of the strength in the market for tenants in the ± 10,000 to ± 50,000 square foot range. ” said Mr. Kresse.  "It is also reflective of our long standing relationship with ownership and the collective initiatives put in place to maintain and market the property."

Beacon Centre RREEF is located in the heart of Doral with easy access to major thoroughfares and close proximity to the Miami International Airport. This location in addition to the property’s class A curb appeal and door count continue to attract and maintain gold-standard tenants.

Easton and Associates' David Olalde and Alex Beacon represented the tenant in the Pinto Transfer & Packaging Corp. deal.

RREEF Real Estate acquires and manages investments in commercial and residential property and real estate securities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities.

For more information about Beacon Centre or for leasing opportunities, please contact Thomas Kresse at 305-808-7310 or visit www.transwestern.net/miami.

About Transwestern

Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 150 offices in 30 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.