COCONUT GROVE, FL-Hispanic advertising agency Alma DDB issubletting 16,744 square feet of office space at the SBS Tower fromCoconut Grove-based Spanish Broadcasting System. The CoralGables-based firm will move its US Hispanic and Latin Americaoffices to the 294,000-square-foot, class A office building at theend of the year and start operations there in January 2011.

Diana Parker, director of Office Brokerage at Cushman &Wakefield in Miami represented Alma DDB. Tony Puente, a senior vicepresident at Miami-based Fairchild Partners, represented SpanishBroadcasting System. The five-year sublease is worth $2.14 million,according to Cushman & Wakefield. Puente tells GlobeSt.com SBSTowers’ quoted rates are in the low $30s.

“When you’re in the business we’re in, it is paramount that theenvironment surrounding our talent supports their creativeendeavors on behalf of our clients,” says Luis Miguel Messianu,president and Chief Creative Officer at Alma DDB. “From theonset, we challenged Diana to identify those office spaces that metour mantra to Integrate, Inspire and Innovate.”

Located at 2601 South Bayshore Drive, SBS Tower offers Alma DDB, adivision of New York City-based Omnicom Group, dramatic water viewsof Biscayne Bay and Dinner Key. Alma DDB also enjoys quick accessto Downtown Miami, Coral Gables, and all major transportationthoroughfares via I-95. But it took Parker a year to find the rightlocation for Alma DDB.