Cushman & Wakefield Represents L&B Institutional Fund in Negotiating Over $20M in Leases at One Biscayne Tower

10/17/17

Cushman & Wakefield announced today that it has negotiated leases valued at more than $20 million on more than 65,000 square feet of office space at One Biscayne Tower in Miami’s CBD.

Cushman & Wakefield Vice Chairman Brian Gale, Managing Director Andrew Trench, Managing Director Ryan Holtzman and Director Jeannette Mendoza represented building owner L&B Institutional Fund in securing leases with Stantec Architecture; Research to Practice; Kaplan Zeena LLP; the Panama Maritime Authority; Banco do Brasil Securities, LLC; Wald, Gonzalez, & Graff, P.A.; Lipcon, Margulies, Alsina & Winkleman, P.A.; and MGM Holdings, LLC.

“The amount of leasing activity at One Biscayne Tower has been exceptional through the first three quarters of 2017,” said Gale. “We expect that demand will continue downtown, as Brickell remains extremely tight with single-digit vacancy and fewer and fewer options. Downtown is well positioned over the next couple of years to absorb space and increase the occupancy rate”

Stantec Architecture

Stantec Architecture renewed its existing lease on the 16th floor of One Biscayne Tower and expanded by an additional 9,500 square feet. The firm now leases over 22,000 square feet on the 15th and 16th floors.

Stantec Architecture (NYSE: STN) employs 22,000 people in over 400 locations across six continents. The company, which has eight offices in South Florida, offers a broad spectrum of expertise in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management and project economics.

Research to Practice

Research to Practice renewed its 13,426-square-foot headquarters lease on One Biscayne Tower’s 36th floor.

Research To Practice has specialized in the oncology and hematology education of physicians and allied health professionals for more than 25 years.

Kaplan Zeena LLP

Kaplan Zeena LLP relocated its office to One Biscayne Tower, leasing 9,020 square feet on the building’s 30th floor. The law firm specializes in business litigation, construction defect and design professional defense, employment law, professional liability defense and securities and broker-dealer defense.

Panama Maritime Authority

The Panama Maritime Authority, the top ship registry in the world with more than 8,000 vessels under the Panamanian flag, relocated its New York office to Miami. It will occupy 6,405 square feet on the One Biscayne Boulevard’s 24th floor.

Banco do Brasil (Bank of Brazil) Securities, LLC

Banco do Brasil (Bank of Brazil) Securities, LLC renewed its 4,744-square-foot lease on the 31st floor of One Biscayne Tower. Banco do Brasil Securities, LLC is a subsidiary of Banco do Brasil S.A., the second-largest Brazilian and Latin American bank. Banco do Brasil S.A. was founded in 1808 and is the oldest active bank in Brazil, and one of the oldest banks in continuous operation in the world. It is controlled by the Brazilian government and is headquartered in Brasília.

Wald, Gonzalez, & Graff, P.A.

The law firm of Wald, Gonzalez & Graff, P.A. renewed its 3,503-square-foot lease on the 35th floor of One Biscayne Tower.

Lipcon, Margulies, Alsina & Winkleman, P.A.

The law firm of Lipcon, Margulies, Alsina & Winkleman, P.A. renewed its 3,110-square-foot lease on the 17th floor One Biscayne Tower.

Lipcon, Margulies, Alsina & Winkleman, P.A. is a preeminent maritime and admiralty law firm with over 100 years of combined experience, recovering more than $200 million dollars for clients who have been injured on cruise ships or on other vessels at sea. Founded in 1971, the firm is comprised of eight full-time attorneys and a complete support staff.

MGM Holdings, LLC

MGM Holdings, LLC, a subsidiary of MGM Innova Group, renewed its 2,165-square-foot headquarters lease on the 26th floor of One Biscayne Tower.

MGM Innova Group, which also has offices in Argentina, Brazil, Colombia, Mexico, Central America and the Caribbean, is a privately owned developer and investor which integrates technical, financial and environmental solutions that contribute to climate change adaptation and mitigation and sustainable development.

Once Biscayne Tower offers panoramic views of Biscayne Bay, and on-site access to a fitness center, a convenience store; four ATMs and numerous bank branches; a deli; a florist; a full-service print shop; drops for Federal Express, UPS and DHL; a car wash; and a dry cleaning and alterations shop. The building, which has won five Office Building of the Year (TOBY) Awards from the Building Owners & Managers Association (BOMA), is LEED Gold Certified and ENERGY STAR rated. It underwent extensive renovations in 2014, including updated common areas, vacant spaces and tenant corridors.

Other notable tenants at One Biscayne Tower include Zarco Einhorn Salkowski & Brito, P.A.; FTI Consulting, Inc.; Jackson Lewis P.A.; Veritext LLC; Foreman Friedman; Flagler Investment; Verizon; and CellMark Pulp & Paper.

One Biscayne Tower is centered in the heart of Miami’s dynamic business district and is within walking distance of courthouses, hotels, restaurants and high-end retailers. The building overlooks beautiful Biscayne Bay and Bayfront Park. For more information, visit www.onebiscaynetower.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

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