Taylor & Mathis Wins 198,000 SF Gables Lease Assignment

Demeetree Real Estate Services, Inc., a private investment group out of Orlando, has selected the Miami office of Taylor & Mathis of Florida as exclusive leasing agent for Douglas Centre, a 198,000 square foot office building in Coral Gables.
T&M Managing Director of Leasing John O’Neil will spearhead leasing efforts for the building which is currently 74% occupied.  “We wanted a strong regional firm with extensive local ties to the South Florida market to help us quickly increase building occupancy,” stated Demeetree Managing General Partner Mike Wright.  O’Neil, a broker in the market for over 25 years, has completed 31 deals totaling over 150,000 square feet in the past year.
“Douglas Centre is one of the best office values in Coral Gables,” according to O’Neil.  It is well located with its proximity to Miami International Airport and downtown Miami, while also being convenient to executive housing.  The exclusive retail amenities and shopping along Coral Gables’ fabled Miracle Mile are within walking distance.
Coral Gables is considered one of the premium office markets in South Florida with approximately 18 million square feet of prime office space and is home to the regional headquarters of more than 140 multinational companies.
The 12-story office building at 2600 Douglas Road has an attached 8-story parking garage with visitor parking, an on-site café and Bank of America retail branch.  Demeetree purchased the office building late last year and is planning capital and cosmetic improvements to the building.
With the addition of Douglas Centre, Taylor & Mathis now handles leasing responsibilities for over a half million square feet of office space in Coral Gables including 355 Alhambra and 550 Biltmore.