HSBC becomes Four Seasons’ largest tenant with new lease
Firm is relocating its Latin American division to Brickell tower
April 07, 2016 05:30PM
Four Seasons tower in Brickell
HSBC Bank just inked a new lease at the Four Seasons tower in Brickell, bringing its occupancy up to 90,000 square feet and making it the building’s largest tenant.
The financial firm is relocating its Latin American International Center from its former space at 55 Miracle Mile in Coral Gables, according to brokerage Cushman & Wakefield, which handled the deal.
HSBC’s Latin American division will now occupy an 8,000-square-foot space in the 70-story Four Seasons, Miami’s largest skyscraper, at 1441 Brickell Avenue. The division specializes in helping Latin American clients who have financial interests in the U.S. Its expected move-in date is the third quarter of this year, and the lease term is 10 years.
In addition to that lease, the bank has retail and financial offices in the building totaling about 81,000 square feet.
Gordon Messinger of C&W represented landlord Millennium Partners for the lease, which occupies the remaining vacant space of the building’s 11th floor. JLL’s Scott Sheron represented HSBC.
“Four Seasons Tower is a great fit for HSBC,” Messinger said in a news release about the lease. “They’ve been able to consolidate a significant portion of their South Florida operations under one roof in one of the region’s iconic buildings while positioning themselves in Miami’s hub of international business affairs.”
The Four Seasons is a mixed-use building totaling 1.5 million square feet. It houses 250,000 square feet of Class A office space, 222 rooms and 84 condo-hotel units as part of the Four Seasons Hotel Miami, and an additional 186 condos, 14,000 square feet of banquet space and the 50,000-square-foot Equinox fitness center.
In February, Millenium Partners switched out Cushman & Wakefield for Avison Young as its exclusive listing broker for the Four Seasons. — Sean Stewart-Muniz
Source: The Real Deal