Miami's Sabadell Financial Center Completes Leases Totaling More Than 34,000 Sq. Ft. of Office Space

Top Quote Class A tower becomes Brickell's newest LEED Gold certified office building. End Quote
  • Miami, FL (1888PressRelease) May 20, 2014 - In the latest sign of continued absorption of premium office space in Miami's urban core, Sabadell Financial Center, a 523,000 square foot Class A office building in the Brickell Financial District, has finalized six new leases totaling 34,123 square feet of space. The largest transaction was a 15,043 square foot lease with new-to-market office tenant Fagron, a global pharmaceutical compounding company. Other newly-signed tenants include reinsurance company Barents RE Risk Management, LLC; boutique investment bank BancTrust; asset management firm Exan Capital; and travel agency Platinum Travel. They will occupy a combined 11,953 square feet of space at the 30-story office tower, located at 1111 Brickell Avenue. Meanwhile, financial investment firm Finaccess Advisors signed a 7,127 square foot renewal and expansion. Financial terms of the agreements were not disclosed.

    Tere Blanca, Danet Linares, Juan Ruiz of Blanca Commercial Real Estate, exclusive leasing agent for Sabadell Financial Center, represented Prudential Real Estate Investors, which owns the property on behalf of institutional investors. Matthew Wanderer represented Fagron; Ernesto Pentenero and Jose Garanton of GP Global Group represented Barents RE Risk Management; Encina Neira of EWM International represented Exan Capital; and Raquel Mass of Beach Brokers Realty LLC represented Platinum Travel.

    "Sabadell Financial Center enjoys a reputation among Miami's most desirable and best located trophy office towers," said Tere Blanca, president and CEO of Blanca Commercial Real Estate. "With new development taking shape in and around the urban core and Brickell expanding as an international business hub, Sabadell Financial Center continues to attract top-tier companies across a variety of thriving industry sectors."

    The new batch of leases at Sabadell Financial Center accompanies the news that the building was recently awarded LEED Gold certification by the U.S. Green Building Council. The LEED (Leadership in Energy and Environmental Design) Green Building Rating System is the nation's accepted benchmark for the design, construction and operation of environmentally-sound buildings.

    "Sabadell Financial Center is now even more efficient, both in terms of energy and water consumption and waste management," said Leigh Griffin of Gibson Realty Group, the building's property manager. "Receipt of LEED Gold certification proves that existing Class A office properties can take steps to enhance sustainability. The result is a better work environment for tenants, operational cost savings, and positive brand recognition in the marketplace."

    One of Miami's most stable office towers over the past decade, Sabadell Financial Center is currently 85 percent occupied with a tenant roster includes some of Miami's most prominent companies, such as Sabadell United Bank, Barclays Bank, Telefonica USA, Ferragamo, Hunton & Williams law firm, Baker & McKenzie law firm, and Regus.

    Located between Brickell Avenue and Brickell Bay Drive, the building offers tenants and visitors access to numerous public transportation links and a host of retail shops and restaurants at nearby Mary Brickell Village and throughout the Brickell Financial District. The tower features include street-level retail with a deli-style restaurant and dry cleaner, a 1,100-space parking garage, and a direct covered connection to the JW Marriott Miami hotel.

    For leasing opportunities, please contact Tere Blanca, Danet Linares or Juan Ruiz of Blanca Commercial Real Estate at (305) 577-8850.

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