Triarch Capital Appoints Colliers to Lease Doral Costa Office Park

The 280,000 square feet class A office park is situated in an 18-acre tropical setting in the City of Doral

As tenants return to the workplace, and Miami-Dade county’s office vacancy rate decreases, Triarch Capital has selected Colliers’ Team Kingsley-Rutchik to lease the Doral Costa Office Park, a four-building class A office park located in Doral. Stephen Rutchik , Executive Managing Director and Tom Farmer, Managing Director of Colliers Office Services, will lead the leasing efforts at the property.

“Doral Costa’s – location provides easy access to the entire South Florida talent pool, as well as connectivity to Latin America.” said Rutchik. “Doral’s central location is compelling to new-to-market and local tenants”.

Doral has evolved into a true live/work/play environment – offering tenants at Doral Costa immediate access to new eateries and activities at Doral Yard, as well as multiple dining options, a fitness center, day care, salons, medical care, language center and other professional services. The office park is comprised of 280,000 square feet and located at NW 41st Street and 97th Avenue in Doral. Triarch Capital, parent company of the owner of the office park, specializes in areas of architecture, construction, development and property and asset ownership and management.

“We are reintroducing the property as a world-class regional South Florida business hub,” said Farmer. “With so many businesses returning to the market in search of office space, tenants are making convenience and easy access to the workplace a top priority in their employee return-to-office strategy and Doral Costa offers just that.”

According to Colliers’ most recent market report, Miami-Dade County vacancy rate ticked lower at the end of the third quarter to 11.2 percent. The Miami Airport submarket records close to 600,000 square feet of leasing activity year-to-date, including new tenants, lease renewals and expansions across a variety of industry sectors.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. Colliers International Florida, LLC.