The building's newest tenant is Atlantic Security Bank, the private banking and asset management arm of Banco de Credito del Peru Group. Atlantic Security is taking 12,500 sf for 10 years at an estimated aggregate rent of $4.38 million.

Bank officials are moving from their 15-year-old penthouse quarters at the 801 Brickell Avenue Building in Downtown Miami to satisfy a sophisticated clientele.

"We believe that this new location will allow us to serve even better our growing number of clients, while providing them with more prestigious alternatives to lodging, dining and entertainment than were previously available at the old location," Carlos Munoz, president, Atlantic Security Bank, says in a prepared statement.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.