As South Florida’s suburban markets continue to draw companies seeking quality office spaces at competitive prices and convenient commutes, Coconut Grove remains a preferred choice for its balanced live-work-play environment. 3480 Main, a boutique Class A office building designed by award-winning architect Arquitectonica, is seeing increased leasing activity, with four new leases recently signed.
Colliers Vice Chair Stephen Rutchik, Vice President Tom Farmer, and Associate Vice President Tyler de la Peña represented the landlord, CGI Merchant Group, in negotiations for the four new leases, totaling 12,882 square feet. Wrap Technologies Inc., a global leader in public safety technologies, secured 4,487 square feet for its first Florida location. An undisclosed Miami-based hedge fund leased 3,906 square feet, relocating and expanding from their previous space. Another Miami-based hedge fund chose 3480 Main, securing a 2,452-square-foot space. Lastly, an undisclosed private equity firm with $2 billion in assets, represented by Karley Chynces with One Sotheby’s International Realty, will occupy 2,037 square feet.
“C-Suite and top-level executives are consistently choosing to invest in homes in the Coconut Grove area, with a strong preference for offices within a 10-minute radius, ideally free from city traffic,” noted De la Peña. “3480 Main and Coconut Grove offer an attractive live-work-play dynamic, appealing to those transitioning from urban settings.”
The 51,386-square-foot building offers a unique tenant experience, blending tradition, business, and modernity. Tenants have access to Amal, a well-known Lebanese restaurant on the ground floor, and a rooftop bar curated by Ink Entertainment, a leading lifestyle and hospitality company in North America. The rooftop terrace features an oasis garden with panoramic views of Miami and Biscayne Bay. Situated in Coconut Grove’s heart, the property provides access to over fifty retail shops and restaurants within walking distance.
CGI Merchant Group, a minority-owned global investment manager specializing in commercial real estate and private equity, relocated its corporate headquarters to 3480 Main in 2021.
Based in Arizona, Wrap Technologies develops innovative solutions for public safety officials, empowering them to serve their communities safely and effectively through advanced technology and training solutions.