Transwestern’s South Florida office today announced the signing of 40,519 square feet of lease renewals and expansions to legal tenants at Miami Tower, the iconic Class “A” high-rise office located at 100 S.E. 2nd Street. Since being awarded the asset in January 2011, Transwestern has completed over 120,000 square feet of transactions. This momentum secured through new deals and expansions has brought the building’s occupancy up well above the CBD market average of 77.1 percent, with Miami Tower trending towards 90 percent.
“Over the past year, we have secured expansions with more than 80 percent of the tenants up for renewals,” said Gordon Messinger, vice president with Transwestern and key member of the leasing team at Miami Tower. “With the stabilization of the market, we believe the first half of 2012 will continue strong as national and regional businesses look to secure office space that accommodates short and long-term growth plans.”
Boies, Schiller & Flexner LLP, one of the nation’s premier law firms with more than 230 lawyers practicing litigation in offices strategically located throughout the U.S., signed a long-term lease renewal and expansion of 6,000 square feet for a total of 23,277 square feet. Boyd Richards Parker & Colonnelli, P.L., a Florida focused law firm that specializes in all forms of contested and litigated disputes ranging from lawsuits to international arbitrations, signed a long-term lease renewal for 9,628 square feet. DRRT, an international law firm based out of Miami which advises domestic and foreign institutional investors with compliance and shareholder protection matters, has reaffirmed its commitment to Miami Tower by signing a long-term expansion of 3,269 square feet for a total of 7,664 square feet.
The 618,990-square foot, 47-story Class "A" Tower is one of the world’s most recognized office buildings in Miami’s skyline due primarily to its changing palette of exterior lighting schemes, which alter to seasonal, city, sports, and private events. Designed by the legendary architect I.M. Pei, Miami Tower was designed to be timeless and to withstand and exceed a burgeoning downtown, boasting unparalleled ease of access to expressways, courthouses, and the Metro Mover, and to accentuate its magnificent views of the ocean, city, and the building’s Sky Terrace. For more information about Miami Tower or for leasing inquiries, please contact Gordon Messinger at 305.808.7310 or visit www.transwestern.net.
About Transwestern:
Transwestern is a national, privately-held operating company specializing in commercial real estate services, investment and development. The firm's fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts. Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.