Performance improvement company Grass Roots America is relocating to One Biscayne Tower in downtown Miami from offices in South Beach.
The firm leased 11,000 square feet in a 10 year, $4 million deal at the downtown office tower.
Grass Roots America is part of a trend for companies upgrading their office space and/or location. “Downtown has a buzz to it right now,” said Andrew Trench, Taylor & Mathis Leasing Director, who brokered the transaction. “Companies are attracted to the artsy feel of the district with the Gusman Center for the Performing Arts and the Miami Art Museum sites nearby. Grass Roots wanted the live, work, play environment of One Biscayne Tower for their new offices which will have a modern and cool, funky vibe.” The building’s large, efficient floor plates were also a selling point.
The deal was co-broker by Keith Darby of Rise Realty.
Founded in 1980, Grass Roots is an international performance improvement company. With 27 offices in 17 countries, Grass Roots partners with companies to reward, incentivize, and inspire the people with whom they work. They provide clients with guidance on with reward selection, customer service, local legislation and tax, fulfillment, business practices and culture. Grass Roots currently services more than 60 percent of the top 100 global brands, and counts among its customers BMW, VMware, Barclays Bank, Maxim and Halliburton.
Grass Roots America is the sixth significant deal at One Biscayne Tower in recent months several of which were law firms. One Biscayne Tower has the largest percentage of law firms in downtown and has seen a surge of leasing this year due to its proximity to the courthouse and other government offices as well as the building’s efficient floor plates and spectacular views. Taylor & Mathis has secured over 74,000 square feet of leasing at the 700,000 square foot Class A office tower this year. Leases have included Sedgwick LLP (15,000 square feet), Veritext Legal Solutions (12,000 square feet), Northwestern Mutual (10,066 square feet), Peretz Chesal Herrman (6,200 square feet), Young, Bill, Roumbos & Boles, P.A. (5,000 square feet) and the 15,000 square foot renewal and expansion of Foreman Friedman.
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