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201 S Biscayne Blvd

Fowler White Leases 20,000 SF Office At Citigroup Center In Downtown Miami With Grant Killingsworth As Tenant's Rep
LEASEDOffice

Fowler White Leases 20,000 SF Office At Citigroup Center In Downtown Miami With Grant Killingsworth As Tenant's Rep

201 S Biscayne Blvd

Building Size

20,000 SF

Asset Type

Office

Closing

Jan 7, 2026

AI

The property asset involved in this lease transaction is located at 201 South Biscayne Boulevard in Miami. It is an office space totaling 20,000 square feet. The landlord of the property is CP Group, and the tenant is the law firm Fowler White, which has downsized from a previous office space of 35,000 square feet at Brickell Arch. The relocation is attributed to tripled rents in the Brickell area and the tenant's need for a more efficient single-floor layout.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 201 South Biscayne Boulevard
  • Market: Miami
  • Size: 20,000 SF
  • Landlord: CP Group
  • Tenant: Richard A. Wood - Fowler White
  • Landlord's Rep: Steven Hurwitz & Doug Okun - JLL
  • Tenant's Rep: Grant Killingsworth - CBRE

In this transaction, tenant representative Grant Killingsworth from CBRE facilitated the leasing for Fowler White, which joins established tenants such as Citibank and Regus in the 832,000-square-foot Citigroup Center tower. The landlord's representatives are Steven Hurwitz and Douglas Okun from JLL. The note indicates that the downsizing decision was influenced by significant rent increases in the Brickell area.

Players

Steven Hurwitz

JLL

Broker

5 deals

Broker
CBRE
CBREBrokerage
JLL
JLLBrokerage
CP Group
CP GroupLandlord
Richard A. Wood

Richard A. Wood

Fowler White

Tenant

1 deal

Tenant
Fowler White
Fowler WhiteTenant

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93