Transwestern Inks 40,000 SF At Miami Tower

Jan 26, 2012 No Comments by

Transwestern’s South Florida office 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 to date 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, a key member of the leasing team for 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.

Since being awarded the asset in January 2011, Transwestern has completed to date 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, a key member of the leasing team for 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.”

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Industry News, Miami-Dade County Office, NA, Office
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