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MIAMI-The French Consulate has signed a 10-year lease for about 8,500 sf of office space in the Espirito Santo Plaza, a 35-story, class A office tower, condominium and luxury hotel being built here.

This lease brings the total sf leased in the building to 130,000. Asking rental rates in the building range from $31 per sf to $33 per sf, making the deal worth an estimated $2.72 million.

The French Consulate is relocating its local office from Downtown to the plaza. William Holly, president of Holly Real Estate, represented the building in the transaction.

Espirito Santo Plaza is located on a full city block at 1395 Brickell Ave. in the Brickell financial district. The plaza has 753,809 total sf. Of that, 260,000 sf will be class A office space and 225,000 sf will be a 203-room Conrad hotel. The project also will include 116 condo residences and restaurant and retail space. Occupancy in the building is expected in December .

Estoril Inc. is developing the building, which was designed by the architectural-design firm Kohn Pederson Fox.

“I expect demand for space in the building to only get stronger as it nears completion,” Holly says.

Other tenants that have signed leases there include Espirito Santo Bank and the law firm Weil, Gotshal & Manges.

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