Snowden Lane Partners Leases Office Space At 1 Alhambra Plaza, Miami

The property involved in the transaction is a Class-A office building located at 1 Alhambra Plaza in Coral Gables, Florida. The building, known as Columbus Center, spans 261,867 square feet and is owned by Patrinely Group and USAA Real Estate. It features a range of amenities including a shared tenant garden terrace, a state-of-the-art gym, multiple conference facilities, on-site management, car wash service, and on-site food amenities. Additionally, the property is conveniently situated across from the Hyatt Hotel and is accessible by bus and metro line.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Address: 1 Alhambra Plaza, Miami, FL, 33134
• Market: Coral Gables
• Landlord's Rep: Kevin Gonzalez (Floridian First Realty)
• Tenant: Snowden Lane Partners
• Landlord: USAA Real Estate
• Square Feet: 9,568

Newmark's Managing Director Clay Sidner represented Snowden Lane Partners in the lease extension and expansion deal at Columbus Center. The decision to renew and expand the lease was driven by factors such as the quality of the building and ownership, prime location, and attractiveness of ongoing modernization upgrades. The expansion nearly doubled Snowden Lane's office space from 5,000 square feet to 9,568 square feet. Richard Ganter, the Regional Managing Director of Snowden Lane Partners, expressed the firm's commitment to Miami and the South Florida Market, citing the city's appeal to financial services firms and the cultural diversity of the region. CBRE's Senior Vice President Maggie Kurtz and Vice President Kevin Gonzalez acted as the landlord's representatives in the transaction.