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Lennar Miami HQ Trades for $40M

Lennar Corporate Center, a four-building office complex totaling 289,986 square feet in Miami, has reportedly sold for $40 million. The buyer was NayaUmi LLC, while the seller was Boston-based Colony Realty Partners.

Lennar Corporate Center was developed by Lennar Corp. between 1982 and 1993, and has served as its HQ since then. The 16.4-acre property comprises four, four-story buildings at 700, 730, 760 and 790 NW 107th Ave. in Miami’s Airport submarket.

HFF’s investment sales team representing the seller included Hermen Rodriguez, Ike Ojala and Tracey Goo. HFF also procured the buyer. NayaUmi LLC is a partnership between Naya USA LLC and Coast Capital Partners LLC.

Berkadia’s Christopher Apone and Charles Foschini secured a $28.6 million loan on behalf of NayaUmi for the acquisition.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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