Barclays Locks in 10-Year Lease at Mellon Financial

MIAMI-Barclays has signed a 10-Year, 24,000-square-foot lease worth $9 million at the Mellon Financial Center on Brickell Avenue, home to Miami’s financial district. The global financial-services firm’s lease negotiations, which took almost a year, were complicated by the twists and turns of the financial crisis. Barclays is a long-standing tenant at the class A office assset.

Although Barclays’ Latin American regional office had been in the building since 2000, when it first opened, and, in fact, had been the lead tenant in what was then the Barclays Financial Center, the company had been on another floor. It wanted to keep one floor, but surrender another, which it was subleasing to two other firms.