MSC Group invested more than $100 million in downtown Miami for its new North American headquarters, creating nearly 500 jobs.
The Switzerland-based global logistics and shipping company bought 130,000 square feet of office space at Block 55 at Sawyer’s Walk last year for $67 million. MSC Group is spending $40 million to build out the space and get it ready to house the company's North American headquarters. Employees from three of the company's divisions — MSC Cargo, MSC Cruises and Explora Journeys — will work at the firm's new U.S. headquarters.
MSC Group wrapped the building with digital display boards showing their billion-dollar cruise ships, turning Block 55 into a high-profile billboard for the company’s luxury brand.
Block 55 is part of Sawyer's Park, a 1.5 million-square-foot mixed-use complex that also includes hundreds of low-income senior housing units and 175,000 square feet of fully leased retail space. Sawyer's Park is located in the Overtown neighborhood, a rapidly gentrifying part of downtown Miami.
For establishing its new North American headquarters and creating nearly 500 jobs, the deal was selected as the winner of the 2025 CoStar Impact Award for acquisition of the year, as judged by a local team of real estate professionals familiar with the market.
About the sale: MSC Group bought the office space from Swerdlow Real Estate Group, one of the developers behind the Sawyer's Park mixed-use project.
What the judges said: The MSC-Sawyer’s Walk deal "will dramatically revitalize the Overtown area and also be a catalyst for more investment,” said Robert Eckstein, a partner at NAI Miami-Ft. Lauderdale Commercial Real Estate Services.
They made it happen: Greg Masin, Frank Begrowicz, Ryan Holtzman and Brian Gale of Cushman & Wakefield represented the seller. Scott Quick, Tyler Reynolds and Alan Kleber of Cushman & Wakefield and Diego Rodino' di Miglione who formerly was with Cushman & Wakefield represented the buyer.