Cushman & Wakefield‘s Miami-based Office Agency Leasing team represented an affiliate of MetLife, Inc., who is the landlord of Wells Fargo Center in Downtown Miami, in the renewal of a lease with global law firm Greenberg Traurig at the building.
Spanning five floors and 128,450 square feet, this deal represents the largest office lease (renewal and new) in the Miami market in over half a decade.
Brian Gale, Ryan Holtzman, Andrew Trench, and Edward Quinon of Cushman & Wakefield represented the MetLife affiliate in the lease negotiations. Greenberg Traurig was represented by Michael Shuler, Jeremy Hakala, and Clay Sidner of Newmark.
“We are thrilled to have secured a long-term lease with one of the most iconic names in Miami’s legal field, Greenberg Traurig, who will continue to call Wells Fargo Center home for many years to come,” said Gale, Vice Chairman at Cushman & Wakefield.
Cushman & Wakefield has been overseeing leasing efforts at Wells Fargo Center since 2011. Wells Fargo Center is a 47-story office building located on the corner of Brickell Ave. and Biscayne Blvd. within Downtown Miami’s Enterprise Zone. The building is LEED Gold & Energy Star Certified and features a full suite of amenities including a state-of-the art conference facility, tenant lounge and smoothie bar, fitness center, on-site dining, immediate access to the renowned JW Marriott Marquis Hotel and stunning Biscayne Bay and city views. The Metro Mover, Metro-Rail and Brightline Train are also easily accessible.
“We have enjoyed a decade and a half long partnership with Greenberg Traurig in the building. Over the years, we’ve invested in significant upgrades at Wells Fargo Center, and we are very excited to continue this relationship by providing this premiere tenant with a high-quality work environment,” said Stirling Simmons, Asset Manager for MetLife Investment Management.
Over the last nine months, the team at Wells Fargo Center has executed over 250,000 square feet of leasing transactions, bringing the building to 93% occupancy. In January, high growth tech firm Kaseya took four floors totaling 101,242 square feet to further expand its presence in Miami. One month later, Innovation Refunds leased 25,717 square feet in the tower. Select availabilities remain, including four spec suites totaling over 14,000 square feet that are currently under construction.
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