Travel agency Unique Vacations takes 53K SF to Miami – Trade Observer
Travel agency Unique holidays signed a lease for 53,119 square feet at 5505 Waterford office building in the miami airport submarket.
Unique Vacations, a subsidiary of the resort company Resorts in Sandalsleaves Glenvar Heights at 4950 SW 72nd Avenuewhere the business occupied approximately 40,000 square feet, according to Avison Youngit’s donna and Joe Abodwho represented the tenant.
The new office, which is part of a more than 10-year lease, will accommodate approximately 200 employees. It is expected to open by the end of the year.
Located at 5505 Blue Lagoon Drivethe 212,619 square foot property sits just south of the Dolphin Highway which adjoins Miami International Airport. The travel agency chose 5505 Waterford partly because of its central location.
Unique Vacations’ agreement will bring the nine-story building to full occupancy. The company will share the building with a construction company Lennar Houseswhich houses its headquarters between the fourth and ninth floors. Burger King previously occupied the entire building for its headquarters before moving nearby for 5707 Blue Lagoon Drive in 2018.
The property at 5505 Waterford is the only fully leased multi-tenant building today in Waterford business districtwhich is home to other large companies such as Subway, fedex, L’Orealand Airbusnoted CBREit’s Gordon Messingerwho represented the owner, Franklin Street Properties Corp..
Asking rent at 5505 Waterford was $40 a foot, the broker added.
Julia Echikson can be contacted at [email protected].
Update: The article has been updated to include the size of the former Unique Vacations office.