MIAMI, November 25, 2013Southeast 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 global law firm White & Case LLP has signed a long-term lease renewal for 57,954 square feet, representing three full floors of office space within the building and the fourth largest lease signed to date in Miami’s CBD for 2013.
One of the building’s long-standing tenants, White & Case established its Miami office more than 25 years ago and today serves clients based in Florida, throughout the United States and worldwide, with a particular emphasis on the Latin American market. Practice specialties include advising multinational corporations, financial institutions and intermediaries and governmental entities in complex domestic and cross-border corporate and financial transactions and dispute resolution proceedings.
“The Firm decided to establish a presence in the Southeast Financial Center in 1987 because it was the premier address in South Florida and offered our Firm and clients the very best in amenities,” said Christian Hansen, Office Executive Partner of White & Case in Miami. “We continue to believe this is the case and thank the building’s owners and management for their productive and proactive approach to our negotiations and for helping to ensure that we will be able to continue to provide a 21st century work environment for our clients, as well as our partners, associates and staff.”
According to Jones Lang LaSalle, active demand for Miami office space to lease by tenants currently touring the market is 1.79 million square feet, with law firms demanding the most total square footage at roughly 376,000. Within this sector, technological advancements and generational factors are influencing real estate requirements. In line with this growing trend, White & Case is currently in the design phase for a more efficient floor plan and a state-of-the-art legal environment as part of its renewal.
“White & Case is an example of how Southeast Financial Center continues to attract and retain the highest caliber tenants through its ability to respond to the growing desire to blend efficient design with professional service needs,” said Donald Cartwright, Senior Vice President at with Jones Lang LaSalle. Mr. Cartwright and Vice President Nicole Vassilaros with Jones Lang LaSalle are the exclusive leasing agents for Southeast Financial Center. "In recent years, new buildings have come online in Miami's CBD which attracted some companies to have a ‘flight for new’ mentality. However, Southeast Financial Center’s advanced design and floor plan elements allow for current space efficiencies to always be met, making it one of the most flexible and sought after locations.”
White & Case LLP is a leading global law firm with lawyers in 40 offices in 27 countries. Among the first US-based law firms to establish a truly global presence, White & Case provides counsel and representation in virtually every area of law that affects cross-border business.
With approximately one million square feet under occupancy, Southeast Financial Center is home to 23 law firm tenants which span nearly 415,000 square feet of space, eight of the which are currently listed on the 2013 Am Law 200.
White & Case was represented by Tere Blanca, Founder & CEO, Blanca Commercial Real Estate, Inc.
Southeast Financial Center:
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.