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GlobeSt.com UPDATE: Telefonica Asks CBRE to Lease Up Vacated Space

MIAMI-CB Richard Ellis Inc. is marketing the 79,257 sf vacated in two buildings by affiliates of the Spanish telecommunications company. The space is leasing at full-service rates below the submarket average of about $29.75 a sf.

By David R. Corder | Updated on June 19, 2001

MIAMI-CB Richard Ellis Inc. is marketing the 79,257 sf of Class A office space recently vacated in two buildings by affiliates of Telefonica S.A. in the Brickell Avenue submarket. The space is leasing at full-service rates below the submarket average of about $29.75 per sf, full service.

The Miami office of CBRE represents the Madrid, Spain-based telecommunications company, Chris Coots, a CB Richard Ellis first vice president, tells GlobeSt.com.

Confirmation of the brokerage contract follows a GlobeSt.com exclusive report that cited the vacated Telefonica space as an example of increased availability of sublease space in the Miami-Dade County market.

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