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.
Colliers’ Stephen Rutchik represented the long-term tenant in the lease renewal. JLL’s Steven Hurwitz, Doug Okun, and Madeline Fine represented the landlords in the lease transaction.
The transaction would set a record if the purchase closes at this price.
The JLL team was appointed leasing agent of the the 810,000-square-foot Downtown Miami landmark Class A office property in April 2022.
The JLL team of Managing Directors Steven Hurwitz and Doug Okun with Associate Madeline Fine will direct leasing activity at the iconic site.
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