The Office Leasing Team of Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza Represented Building Owner PGIM Real Estate
CORAL GABLES, FL, March 30, 2017 — Cushman & Wakefield announced today that it has landed two new-to-market office leases in Coral Gables with Cosentino North America and Kimley-Horn at 355 Alhambra. The leases, totaling over 40,000 square feet, were valued at a combined $16.5 million.
The office leasing team of Vice Chairman Brian Gale, Managing Director Ryan Holtzman, Managing Director Andrew Trench and Director Jeannette Mendoza represented building owner PGIM Real Estate in the lease negotiations.
Cosentino North America, which specializes in the production and distribution of high-value, innovative surfaces for design and architecture, leased 23,923-square feet at 355 Alhambra. The North American subsidiary of the Spanish firm is relocating its operations from Houston. H3 Hospitality’s Justin Schultz represented Cosentino North America in the transaction.
Raleigh, NC-based Kimley-Horn leased 16,677 square feet at 355 Alhambra. The infrastructure design and consulting firm, which employs 2,800 people in more than 75 offices across the U.S., is relocating its local operations from 1221 Brickell.
“The hot Coral Gables office market continues to absorb space, and we are thrilled to have two new-to-market tenants relocate their offices to 355 Alhambra,” said Gale. “Miami has attracted over 1.5 million square feet of new-to-market tenants in the last three years, and Coral Gables continues to obtain its fair share.”
“355 Alhambra is the perfect fit in Coral Gables for these two credit tenants,” added Holtzman. “We just completed full lobby, exterior and common area upgrades that make the building look brand new.”
“As a resident of Coral Gables, it’s exciting news that Cosentino and Kimley-Horn will add over 100 new jobs and invest over $1.5 million in the local community,” Holtzman continued. ”City officials are doing an incredible job building for the future. The $21 million streetscape beautification of Miracle Mile and Giralda, coupled with the recent development of new multi-family units, is helping to create an epicenter for business both domestically and internationally.”
355 Alahmbra is a 16-Story, 222,884-square-foot Class A office building located in Coral Gables’ international business center. It was the first existing building in Coral Gables to earn LEED certification, garnering LEED Gold status from the U.S. Green Building Council.
355 Alhambra features spacious ±24,000-square-foot floor plates, attached structured parking, executive ground-floor parking, five high-speed elevators, elevated ceiling heights, 24-hour security and key card access, an on-site bank, fiber to every floor, a state-of-the-art telecommunications system and on-site management.
The building’s location at 355 Alhambra Circle is walking distance to numerous restaurants, shops and hotels along Coral Gables’ Miracle Mile and provides exceptional access to Miami International Airport, downtown Miami, the Brickell Business District and Miami Beach.
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 43,000 employees in more than 60 countries help investors and occupiers 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 $5 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. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.