MIAMI – Southeast Financial Center®, Florida’s tallest and largest office tower and plaza totaling 1.225 million square feet in the heart of Miami’s Central Business District, announced today that the building has signed four lease renewals, including one expansion, totaling 12,495 square feet.
Of the 38,360 square feet leased to date in 2013, the most recent transactions include:
• Butler & Hosch, P.A., a regional law firm and tenant of just over one year, expanded by 1,610 square feet extended its term and total space to 12,292 square feet.
• Gibraltar Private Bank & Trust, a private bank and wealth management firm, signed a long-term lease renewal for 7,500 square feet.
• Turner & Associates LLP, public accounting and business advising firm, signed a long-term lease renewal for 1,982 square feet.
• U.S. Bank, a nation-wide commercial bank, signed a long-term lease renewal for 1,403 square feet.
The property, dubbed the law and financial hub, is home to eight law firms within the 2013 AMLAW 200. It has consistently attracted and retained some of the most prestigious businesses in Miami and has seen this trend continue through the first half of the year.
"We have capitalized on the momentum from last year and continue to experience strong interest and activity in Miami’s CBD," said Donald Cartwright, Senior Vice President with Jones Lang LaSalle. "With the extensive capital improvements ownership infused into the property and the continuation of our plaza activation, we had a very strong finish to the first half of this year and anticipate continued momentum through the end of 2013."
Mr. Cartwright along with Jones Lang LaSalle Vice President Nicole Vassilaros are the exclusive leasing agents for Southeast Financial Center. Professional service firms and banking have accounted for a majority of the lease renewals in Miami’s CBD over the past several months, in particular at Southeast Financial Center.
Recent quarterly reports indicate that the CBD segment of the market is experiencing incremental pricing increases and steady leasing resulting in a significant amount of transactional activity. Southeast Financial Center continues to attract and retain tenants of stature through its capital commitment to aesthetic, environmental and technological excellence. Most recently, the building unveiled a 17,000 square foot complete aesthetic and technological renovation to its east, west and lower lobbies.
Located at 200 South Biscayne Boulevard in downtown Miami, Southeast Financial Center is comprised of two buildings: a 55-story Class A Office Tower distinguished by its striking “saw-tooth” design on the northeast corner of the façade and a 15 story Annex Building which houses the popular Downtown Athletic Club and 1,200 parking spaces. Connecting the Office Tower and Annex buildings is a 30,000 square foot outdoor plaza landscaped with shade trees and a variety of lush native plantings. A steel canopy attached 150 feet from the ground provides a unique architectural connection between the two structures, and adds an aesthetically pleasing ambiance to the plaza.