Cresa Partners Completes Assignment of Relocating TECO-Peoples Gas Regional Headquarters.Business Editors MIAMI--(BUSINESS WIRE)--June 14, 2001 CRESA Partners/Miami, the corporate real estate advisory firm retained by TECO-Peoples Gas to relocate their South Florida Regional Headquarters from Miami-Dade to Broward County, has completed their assignment by negotiating the purchase of a free standing building on behalf of their client. Stephen E. Gaunt, CCIM CCIM Certified Commercial Investment Member CCIM Centro Cultural Islámico de México CCIM Client Component Installation Manager (Microsoft) CCIM Comité Consultatif pour l'Informatique Médicale CCIM Command Computer Input Multiplexer , Vice President of CRESA, has been representing TECO-Peoples Gas, a subsidiary of Tampa Electric Company. Earlier this year, CRESA Partners negotiated the sale of TECO-Peoples Gas' existing property in Miami, a two-story, 16,000 square foot building for $1.3 million. The property was located at 16101 West Dixie Highway The Dixie Highway was a United States automobile highway first planned in 1914, to connect the US Midwest with the Southern United States. It was part of the National Auto Trail system, and grew out of an earlier Miami to Montreal highway. , North Miami Beach, Florida North Miami Beach (commonly referred to as NMB) is a city in Miami-Dade County, Florida, United States. Originally named Fulford in 1926 after Captain William H. Fulford of the United States Coast Guard, the city was incorporated in 1927 as Fulford, but was renamed North . The buyer of that property was the Humane Society A humane society is a group that aims to stop animal suffering due to cruelty or other reasons. Examples Examples of humane societies include: The Humane Society of the United States, Peninsula Humane Society, American Humane which was founded in 1877 as a network of of Greater Miami. The just-completed relocation phase, and new site of Peoples Gas regional headquarters, is a free standing building located at 7751 West Oakland Park Oakland Park is the name of several places in the United States:
The building's owner/seller was David Rustine, of Boca Raton-based Crown properties. "Relocating a company's regional headquarters, even from one county to another, presents a number of logistical challenges," says Gaunt. "We are extremely pleased that TECO-Peoples Gas has the confidence in CRESA to ensure the smooth disposition of their existing asset, and the purchase of a new one." CRESA Partners/Miami, one of South Florida's largest corporate real estate advisory firms, negotiated in excess of 2.2 million square feet of space leased or sold in the tri-county area during 2000. Their offices are located at 1200 Brickell Avenue Brickell Avenue is the name given to the stretch of U.S. Route 1 in Miami-Dade County, Florida just south of the Miami River. It is the main road through the Brickell district of Downtown Miami. , Suite 750, Miami, Florida. About CRESA Partners CRESA Partners, one of the nation's leading corporate real estate advisory firms focusing exclusively on corporate services and tenant representation, has offices in major metro centers throughout the country. All offices are members of CRESA, Inc. (Corporate Real Estate Service Advisors), which provides access to more than 100 markets worldwide through its alliance with Weatherall International. CRESA Partners' clients include Merrill Lynch for the State of Florida and Pennsylvania, Humana Inc., BellSouth, Federal Express, Morgan Stanley Dean Witter, Akerman Senterfitt & Edison, and Visa International, among others. For more information, visit http://www.cresapartners.com. |
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