The company recently purchased two office buildings in Miami-Dade County and hired real estate associate Andrew Easton to lead the new group.
“While industrial real estate has been our bread and butter business for more than 40 years, this is a strategic move to further diversify and evolve our company to become more vertically integrated,” said Jose Hernandez-Solaun, president of The Easton Group. “We will continue to be major players in industrial, but we see a lot of new opportunity with office and we have made the financial and human capital commitments to launch this new service.”
The Easton Group recently purchased an office building in Doral and another one in the Blue Lagoon area.
“We love both of these areas, especially Doral which is going through a renaissance right now,” said Andrew Easton, who joined the company from JLL, where he specialized in office tenant representation. “For the moment, there are still some good values on rents, but as the area continues growing, we expect to see solid rent appreciation.”
Hernandez-Solaun said The Easton Group plans on making additional investments in value-add office assets in the tri-county area and add more associates as the portfolio grows. The company will rely on its existing management company, Easton Management, to manage the properties while Andrew Easton will be responsible for adding new tenants, handling lease negotiations and doing financial analyses.
Easton spent five years in JLL’s Miami office representing several Fortune 500 companies and AmLaw 100 firms that needed office space in Miami for their Latin American Headquarters. While there, he earned Top Achiever Awards, the Rising Star Award and Costar’s Power Broker Award.