Chen Medical recently inked a 10,988 SF expansion at Park Centre, located at 900-1000 Park Centre Blvd., in Miami, bringing the property to 82% leased.
Chen currently occupies 7,646 square feet.
"This transaction further validates that a strategically implemented tenant relations program results in tenant retention and expansion," said Lynn-Ann Ierna, Director of Property Management for Migard. "It also further solidifies Park Centre as a medical facility."
Midgard Management developed a transition program for this asset and within one year, stabilized the project; lowered expenses and increased occupancy.
The lease was brokered by Audley Bosch at Cushman and Wakefield, who represented Midgard Management. Midgard manages the property. The tenant was not represented by a broker.
About Midgard Management
Midgard Management, Inc. is one of South Florida's premier commercial property management companies with over 1.5 million square feet under management. Midgard Management has built its business on referrals from satisfied clients since 1998. Managed properties include office buildings, retail centers, industrial buildings, and commercial condominium associations.
Midgard Management focuses on long-term appreciation rather than short-term gain by consistently delivering high levels of services, including an element of style to each property, and responding immediately to owners' and tenants' concerns.
Lynn-Ann Ierna, CAM
Director of Property Management
954-771-6714 Extension 225