MIAMI, FLORIDA — Cushman & Wakefield announced that it has negotiated Miami’s largest downtown office lease of 2016, a $32 million relocation and expansion lease at Wells Fargo Center with Wells Fargo Bank and Wells Fargo Advisors.
The office leasing team of Vice Chair Brian Gale, Managing Director Andrew Trench, Managing Director Ryan Holtzman and Director Jeannette Mendoza represented building owner Metropolitan Life Insurance Company in securing the long-term 54,160-square-foot lease expansion.
Wells Fargo will relocate its personal banking, small business banking, commercial banking and investment advisory services to Wells Fargo Center from Southeast Financial Center in November 2017. The move increases its existing footprint in the building from 96,656 square feet to 150,816 square feet. JLL’s David Preve represented Wells Fargo.
“Wells Fargo Bank is one of the most recognized names in the country and we are ecstatic they decided to move over and expand their operation at Wells Fargo Center,” said Gale. “They are now the largest tenant in the building.”
Wells Fargo Center is a LEED Gold-Certified, 752,488-square-foot Class A office tower developed in 2010. The 47-story building is the fifth-tallest building in Florida at 647 feet and offers unmatched views of Biscayne Bay and downtown Miami. The asset features a 1,300-space parking garage, 24-hour security and card-controlled access and a state-of-the-art fiber-optic telecommunications system.
Wells Fargo Center adjoins the five-star JW Marriott Marquis Hotel and Hotel Beaux Arts, which provide tenants an exceptional array of amenities including more than 300 luxurious hotel rooms, a fitness center, a spa and salon, a full-floor entertainment complex, four restaurants and on-site retail. The building is also served by the adjacent 447-unit Met I condominium tower and will soon offer immediate access to a Whole Foods Market and the planned five-story MET Square Entertainment Building, which will house an upscale 12-screen movie theater and 20,000 square feet of retail space.
Wells Fargo Center is situated in the heart of downtown Miami at 333 SE 2nd Avenue. This location within the Miami-Dade County’s Enterprise Zone provides convenient access to Metromover, Metrorail, Interstate 95, Brickell Avenue and Biscayne Boulevard.