Telecommunications Company Signs 22,000 SF Lease

Millicom International Services, LLC, a Florida arm of the Swedish-listed emerging markets cellular provider Millicom International Cellular, will relocate its Fort Lauderdale office to 396 Alhambra, a new mixed-use development in Coral Gables developed by Agave Holdings.
The company will occupy 22,280 square feet of Class A office space on two full floors in 396 Alhambra’s North Tower. Financial terms of the lease were not disclosed.
Danet Linares and Andres del Corral of Blanca Commercial Real Estate represented landlord 396 Alhambra, LLC in the transaction, while Keith Edelman and Scott Goldstein of Jones Lang LaSalle Americas, Inc. represented Millicom.
With the completion of Millicom’s lease at 396 Alhambra, the 282,000 square-foot office tower is now 53 percent leased less than one year since delivering to the market. Millicom will join a number of existing tenants including HBO Latin America, whose 66,000 square foot lease was the largest office transaction in Coral Gables in 2011; law firm Richman Greer, P.A.; Banco Pichincha; CitiBank, N.A.; architecture firm RTKL Associates; among others.
Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 13 countries in Latin America and Africa. It also operates various combinations of fixed telephony, cable and broadband businesses in six countries in Latin America and online and e-commerce services in a number of countries in Latin America and Africa. The Group’s mobile operations have a combined population under license of approximately 273 million people.