MIAMI-Six tenants have signed a total of 62,900 square feet of office leases in Wachovia Financial Center, Miami’s tallest and largest office tower and center. A mix of renewals and new leases made up the deals.

Specifically, Duane Morris LLP; Houck Anderson; Atlas Wealth Management; Porsche Latin America; David M. Garvin, P.A./Julie C. Ferguson, P.A.; and Development Specialists all signed long-term renewal leases with additional expansions at Wachovia Financial Center.

Cushman & Wakefield’s Don Cartwright, director of Leasing, and Nichole Lamoureaux, leasing associate for Wachovia Financial Center, handled the marketing and lease negotiations on behalf of the property owner, institutional investors advised by J.P. Morgan Asset Management - Global Real Assets.

The recent wins offer evidence of tenant demand for buildings with financially stable landlords. As many corporations begin to examine long-term real estate needs and options within the framework of their financial statements, renewals within or relocation to properties that are debt free and with a track record of successful operations are high priorities.

“There have been various examples in the past year of companies relocating in a quick fix effort to reduce operating costs,” says Don Cartwright, Director of Leasing with Cushman & Wakefield. “However, long-term implications may prove hazardous. With more than 1 million square feet in occupancy -- more than any other office tower in the state of Florida -- and more activity forthcoming, we are confident that tenants view our attributes at Wachovia Financial Center unique and perfectly inline to business needs.”

Duane Morris LLP, one of the nation’s largest law firms, signed a seven-year lease renewal for the entire 34th floor of the building, totaling 22,822 square feet. Law firm Houck Anderson signed an early renewal extension of 10 years for 15,678 square feet, including a 1,445-square-foot expansion. Atlas Wealth Management signed a 10-year extension on its 11,206 square foot location.

Porsche Latin America signed a five-year lease renewal and expansion for its Latin American headquarters. Porsche will relocate within the building from its current 3,600 square feet location to 5,881 square feet. David M. Garvin, P.A./Julie C. Ferguson, P.A. signed a five-year, 4,093-square-foot lease, including an expansion of 800 square feet. And Development Specialists inked a five-year, 3,310-square-foot renewal.

The building is designated LEED EB Gold and was recently named Outstanding LEED EB Project by the U.S. Green Building Council’s South Florida Chapter. Cartwright says: “These recent deals reflect the comfort tenants are provided being in an operating property that is debt free and with a transparent ownership group seeking to maintain the legacy of the iconic property long term.”

Instant Insights /

Wachovia Financial Center Inks 63,000 SF Leases

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