Technology Startup Inks 11,000-SF Office Lease Deal

Nov 19, 2020 No Comments by

DWNTWN Realty Advisors Co-Founder Tony Arellano P.A. has completed an impactful office lease on behalf of the owner of the Brickell Building in Miami’s Financial District.

Miami technology company Papa is relocating its headquarters to the 11,420-square-foot building located at 66 SW Sixth St.

Papa, founded by Andrew Parker in 2017,  is a pioneering company that provides “Family on Demand” assistance for seniors with the objective to help them stay independent while living securely and happily at home and reducing the impact of SDOH (Social Determinants of Health). Papa originally offered in-person socialization, assistance and transportation services and now also offers a virtual model to successfully acclimate during the pandemic.

Arellano was hired by property owner Benzol Properties Corp. to market the Brickell Building to potential tenants during the pandemic. Jeff Gordon and Matthew Goodman of JLL represented Papa in its search for a new headquarters.

The Brickell Building was an ideal location for Papa, allowing the company to compress its anticipated footprint from more than 25,000 square feet to 11,420 square feet by utilizing its technology and remote working. The office will be occupied by key executive staff members and used for rotating office needs and teaming space for the remote workforce.

The two-story Brickell Building is especially appealing due to its recent upgrades, including polished concrete floors and exposed ceilings, and ample parking. It also features a 2,502-square-foot outdoor patio on the second floor.

 

“This new headquarters for Papa underscores the ongoing evolution of office space,” Arellano said. “The lease is also a case study for the business models of office users are adjusting to the new dynamic of office requirements.”

Papa presently operates in 17 states. It recently announced plans to make its services available nationwide in 2021.

 

“Through this transaction, Papa accomplished its objective to upgrade its work environment and maximize utilization through a hybrid headquarters and remote workforce,” Gordon said. “It is an ideal way to leverage technology and real estate.”

 

 

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