Southeast Financial Center Inks 3 Lease Expansions

Southeast Financial Center® has signed three lease renewals, including 7,605 square feet of expansions, to three international companies totaling 29,839 square feet.
Miami-Dade’s economic factors continue to trend favorably for 2013, including an increase in taxable sales to pre-recession levels, year-over-year growth in tourism and a 3.4% year-over-year increase in international trade. In turn, businesses from the city’s most significant partner countries based on dollar value, including Brazil, Columbia, Switzerland, Costa Rica and China, are growing.
The companies to secure additional space at Southeast Financial Center included:

• Marsh USA, Inc., an international insurance broking and risk management firm, expanded by 2,457 square feet and signed a long-term lease renewal for a total of 17,860 square feet.
• Porsche Latin America, Inc., the sales, after sales, marketing, public relations and training provider for its partners in Latin America, expanded by 2,195 square feet – the company’s third expansion since originally leasing space within the building – and extended its term and total space to 8,076 square feet. The expanded space on the 46^th floor offers breathtaking views of Biscayne Bay and the Atlantic Ocean.
• Temenos US, a Switzerland-based global provider of banking software systems, expanded by 2,953 square feet and extended its term and total space to 3,903 square feet.

“Expansions of prominent international companies within Southeast Financial Center are a testament to the health of tenants at the building and reaffirm Miami, specifically the downtown area, as a platform for successful world business,” said Donald Cartwright, Senior Vice President with Jones Lang LaSalle. “Its iconic status, marquis tenant base, and extensive capital improvements led by debt-free ownership compel high caliber corporations to choose Southeast Financial Center as the place to operate and grow their Miami operations. As a result, the building is the most leased in the state of Florida.”
Mr. Cartwright along with Jones Lang LaSalle Vice President Nicole Vassilaros are the exclusive leasing agents for Southeast Financial Center.
According to the most recent market reports, leasing activity is improving steadily in Miami’s CBD. As evidenced at Southeast Financial Center, a significant amount of companies signing lease renewals are also expanding their space, signifying economic growth remaining on an uptick.