National law firm Fox Rothschild LLP has signed a new lease at Southeast Financial Center for 6,101 square feet.
After spending its first year as a new-to-market firm in Coral Gables, Fox Rothschild is now settling into the Downtown Miami submarket by taking office space in Southeast Financial Center’s 35th floor.
This transaction coincides with the implementation of a new phase of renovations at the building totaling $8.15 million to modernize, further increase efficiencies and enhance the tenant experience. Since taking 100 percent ownership of the building in late 2008, institutional investors advised by J.P. Morgan Asset Management – Global Real Assets have invested more than $20.5 million on capital improvements at Southeast Financial Center.
“We continue to set the benchmark as the most sought after location for business in South Florida with more than 600,000 square feet of leases transacted on behalf of professional service tenants over the past several years,” said Donald Cartwright, Senior Vice President with JLL, Inc. Mr. Cartwright along with JLL Vice President Nicole Vassilaros are the exclusive leasing agents for Southeast Financial Center. “Our newest transaction with Fox Rothschild transaction marks the fifth national law firm to sign a lease at Southeast Financial Center in the past six months, underscoring ownership’s long-term commitment to excellence of the asset is paying dividends.”
With nearly 600 attorneys practicing in 19 offices throughout the United States, Fox Rothschild has been serving clients for more than a century currently representing corporations in more than 50 countries worldwide. According to The National Law Journal, the firm has been climbing the ranks of the nation’s 250 largest firms for many years.
“Law firms are an integral part of Miami’s real estate activity and economic improvement as evidenced by the uptick in leasing transactions – both new leases and renewals – shown in recent market reports,” added Ms. Vassilaros.
With approximately one million square feet under occupancy, Southeast Financial Center is home to 26 law firms, fourteen of which are currently listed on the 2013 National Law Journal list of top 350 law firms.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.