Alhambra Towers Hits 65% Pre-leasing Level

MIAMI-121 Alhambra Towers LLC, owner of the 16-story, 174,307-sf Alhambra Towers in Downtown Coral Gables, is seeing a projected 65% pre-leasing level surfacing as the $50 million property nears completion in four months.

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.