Ivy Realty Selects Cushman & Wakefield To Lease Newly Acquired Office Towers

Cushman & Wakefield announced that it has been named exclusive leasing agent for 1674 and 1688 Meridian Avenue, two office buildings totaling nearly 120,000 square feet located in the heart of South Beach.
Managing Director Gordon Messinger will lease the buildings for Connecticut-based owner Ivy Realty, which acquired the assets in July. Ivy Realty will immediately begin a significant capital improvement program to both buildings. This will include the renovation of lobbies, bathrooms and corridors as well as the build-out of spec spaces.
 

“1674 and 1688 Meridian Avenue offer tenants a tremendous opportunity to occupy space in one of Miami Beach’s most desirable neighborhoods,” said Messinger. “We expect heightened interest in these buildings due the commitment from Ivy Realty and its proximity to Lincoln Road .”

1688 Meridian Avenue is a 89,834-square-foot, 10-story office tower. 1674 Meridian Avenue is a 30,123-square-foot, five-story office building. The buildings feature on-site parking, a rare amenity for Miami Beach office properties, and the potential for top-floor signage.
Major tenants in the buildings include Regus, which recently leased two full floors in 1688 Meridian; global modeling agency Next Model Management; and SCPF, a division of acclaimed advertising agency J. Walter Thompson Worldwide.
1674 and 1688 Meridian Avenue are located at the southwest corner of Meridian Avenue and 17th Street. The buildings are one block north of Lincoln Road Mall, a renowned mile-long, pedestrian-only promenade featuring South Florida’s finest shopping, dining and retail destinations. A future redesign of Lincoln Road Mall by famed New York High Line architect James Corner Field Operations is expected improve Meridian Avenue as well, making the road more accessible and pedestrian-friendly.
 

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