Southeast Financial Center Attracts Another New to Market Tenant

MIAMI—Happy tenants. That’s the story at Southeast Financial Center. The 1.225 million-square-foot office tower in Downtown Miami recently inked deals with four tenants that took down 14,817 square feet. Nearly 13,000 square feet came via renewals and expansions.

Arnstein & Lehr signed a long-term lease expansion of 3,700 square feet, bringing its total square feet leased to 22,382 square feet, representing a full floor. Lafise Global Solutions signed a long-term lease for 6,000 square feet. Weil Quaranta signed a long-term lease renewal for 3,030 square feet. And Golden Traders International, a new to market tenant, signed a new long-term lease for 1,457 square feet.

“Golden Traders decision to enter Miami is a validation that the city is in fact an international marketplace and the gateway to Latin America,” Nicole Vassilaros, vice president at Jones Lang LaSalle, tells GlobeSt.com. “Furthermore, Golden Traders does business with one of the private banks in Southeast Financial Center, a confirmation that our class A tenant roster continues to attract new tenants to the building.”

Golden Traders is one of an increasing number of new to market tenants in Miami. Part of the move is due to firms like JLL marketing their buildings beyond Miami’s shores. Vassilaros says JLL markets the Southeast Financial Center to prospects outside of Miami, including firms on the 2011 AMLaw 200 list.

“As for second quarter leasing activity, we have a healthy amount of proposals out for review, approximately 300,000 square feet,” Vassilaros says. “We expect it to continue on the same slow, steady pace it has been the last few quarters.”