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MIAMI—Sometime late this year, the first tenant in the new545wyn office tower in Maimi's Wynwood section will be open forbusiness. The building is the city's first Class A office tower innearly a decade and the first for Wynwood. The tower's firsttenant, architecture, design and planning firm, Gensler, recentlysigned a 10-year lease for 13,456 square feet in the325,000-square-foot building.

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Michael Lirtzman, director of leasing at developer Sterling Bay,tells GlobeSt.com that young workers in the creative, tech andknowledge fields are attracted to the Wynwood area because theywant their office space to be in a neighborhood and a building thatattracts young people and gives them the feel of a live-work-playvibrant type of environment.

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"There was no office product to speak of when we bought thesite," Lirtzman says. "We thought that based on our investmentcriteria and experience in multiple markets across the country,this one fit like a glove."

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Lirtzman says Sterling Bay expects to receive a temporarycertificate of occupancy at the end of July. He says he expects asecond tenant to sign a lease soon.

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"When we first went to Miami, a lot of people told us that theMiami market typically doesn't do a lot of pre-leasing, but oncethe building gets up and closed and you can start taking peopleinto the building, it will pick up. Since we have the buildingtopped out and 95 percent of the glass is up, during the lastcouple of weeks, we have done a lot more tours and activity haspicked up."

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Lirtzman says the building was designed with large floor platesto accommodate large, anchor-type tenants. Sterling Bay has acouple of "highly interested" prospects it is engaged innegotiations with that fit the anchor bill. He describes them asbrand names that are recognized in the creative, knowledge andmedia sectors. The lower floors of the 10-story building are about18,000 square feet and the upper floors around 38,000 squarefeet.

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