Law Firm Sedgwick LLP and Veritext Legal Solutions will move to One Biscayne Tower in downtown Miami signing leases for 15,000 and 12,000 square feet respectively, announced Taylor & Mathis Leasing Director Ryan Holtzman.
The two, 10-year leases have a combined value of $9 million. Co-broker Catarina Jimenez of Jones Lang LaSalle represented Sedgwick in their office space search with Veritext represented by Ryan Ackerman of CBRE.
“Our new offices at One Biscayne Tower are in the heart of downtown Miami, which has become an international hub for business with Latin America,” said Sedgwick Miami partner Ramón Abadin. “The space’s location and expansive views of the horizon exemplify our focus on client service to our local, regional, national and international clients who we serve in Florida.”
One Biscayne Tower will be the headquarters for the firm’s Miami office which was established earlier this year to become the firm’s 16th office worldwide and its second in South Florida. The law firm has an existing office in Ft. Lauderdale.
Also moving to the building is Veritext Legal Solutions, a deposition and litigation support firm. “We have experienced outstanding growth in the South Florida market, and so we needed to upgrade and increase the size of our Miami office,” stated Chief Financial Officer Richard Antoneck. “The facilities at One Biscayne Tower will include state-of-the-art conference rooms and deposition suites, complete with all the enhanced technology and amenities Veritext clients have come to expect and enjoy.” The firm has five South Florida offices.
These two deals are the fourth and fifth significant deals at One Biscayne Tower in recent months. Taylor & Mathis has secured over 63,000 square feet of leasing at the 700,000 square foot Class A office tower this year. Leases have included 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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