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Miami’s One Biscayne Tower inks leases

Miami’s One Biscayne Tower inks leases

The 39-story, 700,000-square-foot office tower is Gold LEED certified

September 04, 2015 12:45PM


One Biscayne Tower in Miami

Downtown Miami’s One Biscayne Tower has signed leases totaling more than 100,000 square feet so far this year, leasing agents Taylor & Mathis announced on Thursday.

Three law firms have signed renewals and expansions totaling nearly 55,000 square feet, and the French container transportation and shipping company CMA CGM renewed and expanded its lease, now totaling 21,000 square feet. Brian Gale and Ryan Holtzman of Taylor & Mathis brokered the four deals valued at $42 million, on behalf of the building’s owner, L&B Institutional Fund.

The largest of the transactions is the 10-year renewal by Broad & Cassel, Taylor & Mathis said in a release. The firm renewed its lease of 26,000 square feet on the 21st floor. The renewal was co-brokered by Richard Linevsky of NAI Miami.

“Broad & Cassel was one of the first new tenants we brought to the building over 10 years ago,” said Taylor & Mathis Principal Brian Gale in a statement. “We were hired to lease One Biscayne Tower as new buildings were being built which were poaching tenants from existing buildings. When we first signed Broad & Cassel it really helped solidify the building’s image, which turned around the leasing momentum. From there we signed several more law firm leases. Ten years later, we are renewing those same tenants.”

Among the other leases at One Biscayne TowerCMA CGM added 7,000 square feet in its expansion. The deal was co-brokered by Chris Coots and Didier Choukroun of Flagler Investment Property Group.

Jackson Lewis signed a 22,800-square-foot renewal and expansion. The deal includes a 4,300 square foot expansion of its offices on the 35th floor. The deal was co-brokered by Chris Coots of Flagler Investment Property Group.

Pathman Lewis, LLP renewed its lease for 10,200 square feet. The deal was co-brokered by Barbara Liberatore and Matt Cheezem of CRESA.

Earlier this year Synergy Workspaces entered the Miami market leasing 26,144 square feet, a full floor, at the building.

The 39-story skyscraper, located at 2 South Biscayne Boulevard, has 700,000 square feet. One Biscayne Tower underwent renovations to the common areas last year. The building also received Gold LEED certification in 2014. — Ina Cordle

Source: The Real Deal

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