MIAMI—Downtown Miami office space is defying market expectations in the wake of the Great Recession, but new office buildings like 396 Alhambra in Coral Gables are also gaining traction. Agave Holdings’ mixed-use development just inked a deal for two floors of space with a foreign company.

Millicom International Services, a Florida arm of the Swedish-listed emerging markets cellular provider Millicom International Cellular, is relocating its Fort Lauderdale offices to 396 Alhambra. The company will take down 22,280 square feet of class A office space in the North Tower. Financial terms of the lease were not disclosed. Danet Linares and Andres del Corral of Blanca Commercial Real Estate represented landlord 396 Alhambra, LLC in the transaction. Keith Edelman and Scott Goldstein of Jones Lang LaSalle represented Millicom.


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