Ranked by the National Law Journal as the 12th largest law firm in the country, the Miami-based firm is renewing 82,103 sf out of a pre-existing lease and is adding another 25,513 sf to create six floors of contiguous space in the 677,000-sf class A office building.
Under terms of the deal, the law firm is paying an average $32.52 per sf to lease 107,616 sf over 10 years for a total value of about $35 million.
The deal allows the law firm to vacate about 12,897 sf of the 95,000 sf that it presently leases on six floors in the building. By absorbing another 25,513 sf of available space, however, the law firm now may reconfigure its operations to occupy six contiguous floors.
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