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White & Case Extends Office Lease At Southeast Financial Center In Miami

Property Image
LEASED
David Valdez
Greg McCavera
+ 1

Florida

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Office81,603 SF
Leased 04/09/2024
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Property Image
LEASED

White & Case Extends Office Lease At Southeast Financial Center In Miami

200 Biscayne Boulevard

See Similar Deals
Office81,603 SF
Leased 04/09/2024
David Valdez
Greg McCavera
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:81,603 SF
Transaction Type:Lease

The office property located at 200 Biscayne Boulevard in Miami encompasses 81,603 square feet across the 48th through 51st floors. The lease was secured by White & Case, a global law firm, from the landlord, Amancio Ortega of Zara, aiming to accommodate increased executive presence in Florida and better serve regional business interests.

Summary of transaction details:

White & Case's decision to extend and expand their office space at Downtown Miami's Southeast Financial Center aligns with a trend of notable tenants, including Morgan Stanley and BTG Pactual, leasing space in the skyscraper. The transaction was facilitated by brokers from JLL and Blanca Commercial Real Estate, showcasing a strategic move by the law firm to enhance its operations and services in the region.

Players

Greg McCavera
2 deals
BROKER

Tere Blanca
Blanca Commercial Real Estate
20 deals$96.1M volume
BROKER

David Valdez
Blanca Commercial Real Estate
3 deals
BROKER

Bobby Blair
JLL
3 deals
BROKER

Details

LEASED
IMAGE: David Valdez, Bobby Blair, Amancio Ortega, Tere Blanca, Raoul Cantero & Greg McCavera DATE: 04/09/2024 ADDRESS: 200 Biscayne Boulevard MARKET: Miami ASSET TYPE: Office ~ SF: 81,603 LANDLORD: Amancio Ortega - Zara TENANT: Raoul Cantero - White & Case (@WhiteCase) BROKERS: Bobby Blair & Greg McCavera (@Greg.McCavera) - JLL (@JLL); David Valdez & Tere Blanca - Blanca Commercial Real Estate LEASE TERM: 10-year NOTE: White & Case, a global law firm, has extended and expanded its office space at Downtown Miami's Southeast Financial Center, securing a 10-year lease for 81,603 square feet across the 48th through 51st floors, aiming to accommodate increased executive presence in Florida since 2020 and better serve regional business interests. The firm's decision aligns with a trend of notable tenants, including Morgan Stanley and BTG Pactual, leasing space in the skyscraper, owned by Zara founder Amancio Ortega, and facilitated by brokers from JLL and Blanca Commercial Real Estate.

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Deal Type
Effective Rent (Annual)

$4,677,434.72

Total Lease Value

$46,774,347.17

Net Landlord Cash Flow$4,677,434.72