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
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