The lease coincides with another major move in the area: City National Bank of Florida recently signed a 144,878-square-foot lease to relocate its headquarters within Coral Gables, marking the largest office lease in South Florida since 2023.
The 473,214-square-foot Columbus Center, located at 1 Alhambra Plaza, was sold by court-appointed receiver Chris Neilson to Alhambra Acquisition LLC, an affiliate of Tourmaline Capital Partners.
Miller began the site work in January and aims to complete the project this summer.
Newmark’s Managing Director Clay Sidner represented the tenant in the transaction. CBRE’s Senior Vice President Maggie Kurtz and Vice President Kevin Gonzalez represented the landlord.
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