C&W Takes Wachovia Financial Center Assignment

MIAMI-Cushman & Wakefield of Florida has been retained to manage and lease Wachovia Financial Center, a 55-story, nearly 1.2-million-sf office tower Downtown. The leasing and management previously was handled by CB Richard Ellis.Wachovia Financial Center, a class A tower, is home to such tenants as Wachovia Bank, Goldman Sachs, Merrill Lynch & Co. Inc., Deloitte & Touche LLP, Ernst & Young LLP, and White & Case LLP.”Wachovia Financial Center is the premier high-rise office tower in Florida, and we are honored to have been selected as its management and leasing agent,” Tere Blanca, senior managing director and branch manager for C&W’s South Florida offices, says in a statement.”The project’s quality accommodations, prime location and responsive ownership have fostered a high rate of tenant retention and consistent interest from prospective space users,” says Mike Mire, senior managing director for the Assets Services Eastern Region for C&W.Cushman & Wakefield, which manages more than 300 million sf globally, plans to relocate its local offices to Wachovia Financial Center in May 2005.Principal Real Estate Investors and WestWind Capital Partners are the asset managers for Wachovia Financial Center, which is owned jointly by an Australian real estate investment trust and a German syndicate fund.