Southeast Financial Center® announced the expansion of long-standing tenant Cozen O’Connor from 11,589 square feet to 22,823 square feet. This marks the Am Law 100 ranked national firm’s third expansion at the tower within five years.
The need for additional space is the result of Cozen O’Connor’s recent acquisition of Feldman Gale, a Miami-based boutique intellectual property firm, and its desire to accommodate the entire team at one location to continue providing highly sought after counsel to clients on sophisticated legal matters in all areas of law including litigation, corporate and regulatory law. The firm will now occupy the entire 30th floor at Southeast Financial Center.
On behalf of Southeast Financial Center’s ownership, institutional investors advised by J.P. Morgan Asset Management – Global Real Assets, JLL’s Donald Cartwright, Managing Director and Nicole Vassilaros, Vice President, completed the expansion of Cozen O’Connor. This transaction comes on the heels of the tower inking 71,000 square feet of leases with legal tenants, four out of five of which are also top ranked Am Law firms.
“The recent expansions and renewals at Southeast Financial Center are in line with the acceleration of leasing activity that has occurred overall in Miami-Dade County during the second and third quarters of 2016, as indicated by JLL’s third quarter 2016 market report,” said Cartwright. “Moreover, the announcement of six transactions, all with law tenants – including Cozen O’Connor – at the tower within mere weeks of each other, represents the continued trend of law firms seeking opportunities for growth and to secure space now at Miami’s premier office building.”
As the availability of in-demand class A vacancy space continues to decrease in Miami’s CBD, Southeast Financial Center is bringing to market for the first time since the building was constructed, the 45,000 square foot “Cube.” This highly unique space offers building signage, ceiling heights of 20 feet, and is wrapped with floor to ceiling windows throughout. Currently occupied by Wells Fargo, it is expected to be available by late 2017.
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