Press/Media Press/Media

 
 
egb-office-feature-big
Benefits group will open a new office in Orlando. (Submitted)

An Aventura e-commerce company will more than triple its Orlando footprint to accommodate plans to hire 100 people by the end of the year.

Entertainment Benefits Group has purchased a 144,000-square-foot building west of Florida Mall, representing a major jump from its current 40,000-square-foot facility.

Company officials say they expect to move into the building sometime within the next six months.

“Our business is growing at a fast pace and we are running out of space in our current building,” CEO and Founder Brett Reizen said. “This new building gives us ample room for our growth.”

The new location will serve as an operational headquarters for the company, which employs about 360 of its 600 workers in Orlando.

The entertainment and travel benefits company plans to start the hiring quickly, with an expected 30 to 40 call center hires within 60 days.

To lure potential workers, the company will build some fringe benefits like a yoga studio, fitness classes and trainers and meditation room into the new location.

“We are in a great economy right now and it’s a very competitive industry,” he said. “We try to have an engaged workforce.”

Entertainment Benefits Group has more than 40,000 partner companies around the world.

These businesses get matched with perk providers, creating corporate-benefit packages for clients’ employees.

For instance, exclusive corporate benefits programs for employees and prospective employees might include tickets to theme parks.

The company provides the benefits program for Universal Resort Orlando.

In addition, it has forged partnerships with attractions and theme parks including Walt Disney World to sell more than 10 million admission tickets annually.

“In today’s environment, people want to have something unique and move quickly,” he said. “We have great partnerships.”

The company also has arrangements with American Express, Bank of America, Verizon and Siemens.

“Our goal is to continuously expand our corporate-client base,” said Reizen, who also estimated that the company will pour another $2 million to upgrade the new building before the move.

The company started in Aventura and then opened an office in Orlando, before moving to other locations in Las Vegas, New York, Los Angeles and Connecticut.

EBG plans to sell its 44,736-square-foot building on the 5500 block of Vanguard Street.

 
 
 
Arnaud Sitbon, president and CEO of ESJ Capital Partners LLC. (Credit: South Florida Business and Wealth Magazine)

ESJ Capital Partners got $181 per square foot for the office property, located directly across from the University of South Florida campus in Tampa

An Aventura-based firm ended its eight-year investment in an office complex across from a university campus in Tampa for $18 million.

ESJ Capital Partners LLC sold the 99,154-square-foot University Park office complex directly across from the University of South Florida(USF) and within a mile of four major hospitals. The sale price was $181 per square foot.

“University Park remains very competitive and consequently realized significant value growth over the past eight years,” Matthew Fuller, chief investment officer of ESJ said in a prepared statement.

“The office market underserved the hospital and university demands at the time of acquisition,” he said.

Barrett Wolf of Wolf Co. Real Estate represented the buyer, Sagi Shaked. Lauren Campbell of Hybridge represented the ESJ.

ESJ repositioned the property after acquiring it in 2010 with a focus on consumer medical service. Tenants include USF, Quest Diagnostics and Moffitt Cancer Center.

The Aventura-based firm is a full-service investment management firm with a national portfolio of more than 3 million square feet of commercial, educational, residential and other properties.

ESJ is registered with the Securities and Exchange Commission as an investor advisor that focuses on opportunistic real estate and private equity investments and provides securities brokerage services. – Mike Seemuth

 
 
 
Rendering of Emerald Aventura and Barrett Wolf

Wolf Co. Real Estate Brokerage and Investments is taking over sales of Emerald Aventura, an office condo building under construction in Miami’s Ojus neighborhood.

Wolf Co., which broker Barrett Wolf launched late last year with Jackie Soffer as a partner, is replacing Miami Real Estate Group, Andres Asion’s brokerage.

The 58-unit development, designed by Oppenheim Architecture, is 44 percent sold, Wolf said. Premium Developers Group, a Venezuelan firm with an office in Aventura, is developing the building.

Property records show 2655 Developers LLC, led by Premier’s Eduardo Halfen, Boris Fincheltub and Isaac Aserraf, paid $3 million for the nearly half-acre site at 2655 Northeast 186th Terrace in 2015.

The developer plans to break ground later this year and deliver the building in 2020, Wolf said. Available units start at about 600 feet and $345,000 and go up to $1 million. Sales launched in October 2017.

The project is targeting buyers looking for spaces in the 600-square-foot to 1,000-square-foot range. The firm is offering packages that include build out and leasing for investors, and 5 percent interest on initial deposits for a limited time, Wolf said.

Emerald Aventura will be built next to a new Life Storage self-storage facility at 645 Northeast 186th Terrace.

CK Prive Group is also building a nearby office condo project, called Forum Aventura, at 19790 West Dixie Highway. The 12-story building secured its construction financing in late 2016.

 
 
 
Barrett Wolf, Rendering of Canal Park (Credit: Namnum Developers)

A Turnberry Associates veteran has launched his own brokerage with Jackie Soffer as a partner.

Barrett Wolf opened Wolf Co. Real Estate Brokerage and Investments, a full-service commercial firm focusing on office and retail leasing, investment sales and hospitality, in late November, he told The Real Deal. Soffer, Wolf’s former boss, is a partner in the new company, which focuses on Miami-Dade County from Aventura to downtown Miami.

Wolf plans to hire six brokers over the next three months, bringing his total to eight. He’ll be handling the leasing of Turnberry’s office properties, including Turnberry Plaza and Country Club Center, as well as new projects like Canal Park on Northeast 163rd Street in North Miami.

Canal Park, a spec office development being built by Namnum Developers, is now nearly 60 percent pre-leased. The 80,000-square-foot building, at 3323 Sunny Isles Boulevard, is slated to open in February. Full-service asking rent is about $53 per square foot, Wolf said.

He’s also handling leasing of the Old U.S. Post Office building in downtown Miami. Daniel Pena-Giraldi of Stambul USA paid $11 million for the historic building at 100 Northeast First Avenue in 2014. Stambul and Wolf are negotiating with restaurants and retailers for the property, Wolf said.

 
 
 
100 Northeast First Avenue, Jose Mallea and Daniel Peña

Biscayne Bay Brewing is opening a second location in a historic building in downtown Miami.

The brewery, based in Doral at 8000 Northwest 25th Street, is opening a 6,200-square-foot brewery and taproom at the Old United States Post Office and Courthouse building, at 100 Northeast First Avenue. It’s slated to open this winter, according to a spokesperson.

Stambul USA, led by Daniel Peña, paid $11 million for the building in 2014. Barrett Wolf of Wolf Co. Real Estate Brokerage and Investments represented the tenant and landlord in the 10-year lease. Stambul also redeveloped and owns Eurostars Langford hotel nearby.

Biscayne Bay will likely mark the first brewery in downtown Miami thanks to a recently passed ordinance in the city, Wolf said. The company, owned by Jose Mallea, is leasing the third floor of the courthouse building in a space that once housed the Miami Weather Bureau Office, the first national weather service.

The property, designed by Kiehnel and Elliott, and Oscar Wenderoth, was built in the early 1900s and designated historic in 1989, according to a press release. It’s across the street from WeWork’s flagship Miami location at the Security Building.Wolf declined to comment on asking rents in the building.