MIAMI—Sabadell Financial Center is on a Downtown Miami office leasing roll. The 523,000-square-foot class A office building in the Brickell Financial District just inked six new leases spanning 34,123 square feet of office space.
Tere Blanca, Danet Linares, Juan Ruiz of Blanca Commercial Real Estate, exclusive leasing agent for Sabadell Financial Center, represented Prudential Real Estate Investors. Prudential owns the property on behalf of institutional investors.
“Sabadell Financial Center enjoys a reputation among Miami's most desirable and best located trophy office towers,” says Blanca, president and CEO of Blanca. “With new development taking shape in and around the urban core and Brickell expanding as an international business hub, Sabadell Financial Center continues to attract top-tier companies across a variety of thriving industry sectors.”
The largest transaction was a 15,043-square-foot lease with new-to-market office tenant Fagron, a global pharmaceutical compounding company. Matthew Wanderer represented Fagron.
Reinsurance company Barents RE Risk Management also signed a lease. Ernesto Pentenero and Jose Garanton of GP Global Group represented Barents. Boutique investment bank BancTrust inked a deal, along with asset management firm Exan Capital. Encina Neira of EWM International represented Exan.
Platinum Travel also joined the fray at the 30-story office tower. Raquel Mass of Beach Brokers Realty represented Platinum. Together these firms took down 11,953 square feet of space. Finally, financial investment firm Finaccess Advisors signed a 7,127 square foot renewal and expansion. Financial terms of the agreements were not disclosed.
Sabadell Financial Center has been one of Miami's most stable office towers over the past decade. The office space is 85% leased. Other tenants include Sabadell United Bank, Barclays Bank, Telefonica USA, Ferragamo, Hunton & Williams law firm, Baker & McKenzie law firm, and Regus. The US Green Building Council recently awarded Sabadell LEED Gold certification.
“Sabadell Financial Center is now even more efficient, both in terms of energy and water consumption and waste management,” says Leigh Griffin of Gibson Realty Group, the building's property manager. “Receipt of LEED Gold certification proves that existing class A office properties can take steps to enhance sustainability. The result is a better work environment for tenants, operational cost savings, and positive brand recognition in the marketplace.”
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