{"id":1004216865,"date":"2018-04-04T08:19:39","date_gmt":"2018-04-04T16:19:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004216865"},"modified":"2022-12-09T01:24:03","modified_gmt":"2022-12-09T09:24:03","slug":"miami-tower-lands-2-new-office-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-tower-lands-2-new-office-tenants\/","title":{"rendered":"Miami Tower Lands 2 New Office Tenants"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004216871\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004216871\" data-attachment-id=\"1004216871\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/miami-tower-lands-2-new-office-tenants\/miami-tower-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1522852023&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Miami Tower\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Miami Tower&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg?w=800\" class=\"wp-image-1004216871 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Miami-Tower.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004216871\" class=\"wp-caption-text\">Miami Tower<\/p><\/div>\n<p>The Sumitomo Corp. has inked 32,500 square feet of new leases with two tenants in the firm\u2019s Miami Tower. BDO USA and The Chartwell Offices will occupy a respective 23,000 and 9,500 square feet of the skyscraper\u2019s 618,990 square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-office-high-rise-signs-new-leasing-team\/\">Class A office space in downtown Miami<\/a>. Transwestern represented the owner in both transactions.<\/p>\n<p>Located at 100 S.E. 2nd St., the high-rise is positioned within half a mile of Interstate 95 and borders the Knight Center Metromover station, enabling convenient access throughout the city and region. Sumitomo acquired the 1987-built, 47-story tower from LaSalle Investment Management in mid-2016 for $220 million, according to Yardi Matrix. LaSalle had picked up the asset six years earlier for $105.5 million from WealthCap.<\/p>\n<h2>Coordinated leases, optimized occupancy<\/h2>\n<p><em>\u201cBoth transactions were complex in that timing for lease negotiations were paramount, and each deal hinged on a vacating tenant releasing its space,\u201d<\/em> said Transwestern Vice President Christopher Dubberly, part of the team representing the owner in the transactions, in a prepared statement. \u201c<em>We expeditiously worked with all parties to create a mutually beneficial outcome for both tenants and the landlord, eliminating downtime and vacancy of a full floor in the process.\u201d<\/em><\/p>\n<p>The tower is home to a diverse mix of tenants, including Carlton Fields, Total Bank and UBS. According to Transwestern, the property is currently 87 percent occupied. Building amenities include a fitness center, 10 levels of structured parking, common area Wi-Fi, a conference center and 20,000 square feet of retail in the tower\u2019s podium.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Transwestern team led by Glenn Gregory and Christopher Dubberly closed the two leases, totaling 32,500 square feet, in the Class A office skyscraper.<\/p>\n","protected":false},"author":861,"featured_media":1004216871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1492,21742,21747],"tags":[33206,33722,34374,33313,37965],"class_list":["post-1004216865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-miami","category-latest","category-office","tag-bdo-usa","tag-lasalle-investment-management","tag-sumitomo-corporation","tag-transwestern","tag-wealthcap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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