MIAMI-Southeast Financial Center just inked yet another long-term lease. Cozen O’Connor, a national law firm ranked among the 100 largest in the United States, has signed a lease renewal and expansion. More than 1 million square feet of the 1.2 million available in the office tower is now leased.
“When considering our space requirements and market options, it was a comparatively easy decision to remain at Southeast Financial Center rather than move to a building with unknown parameters of amenities and unproven building requirements,” says Richard Dunn, office managing partner at Cozen O’Connor. Financial terms of the deal were not disclosed.
Cozen O’Connor pointed to a combination of current market recovery, including recent hires, and long-term growth projections for the Miami legal market, as reasons for expanding from 4,900 square feet to 8,900 square feet. The expansion includes a complete redesign of the firm’s existing and new office space in a move to increase efficiencies and upgrades to aesthetics.
Southeast Financial Center seems to appeal to national law firms. Ten of the Top 250 Am Law Firms call the building home. These firms lease more than 330,000 square feet or approximately 25% of the building's office space.
“This lease continues to reinforce the desire of professional service firms to inhabit a space that parallels the high standards of their business,” Donald Cartwright, senior vice president with Jones Lang LaSalle, the exclusive leasing and management agent for the property, tells GlobeSt.com. “Miami’s standing as the gateway to the Americas continues to be a draw for legal and financial firms with strong international ties.”
Established in 1970 and ranked among the 100 largest law firms in the United States, Cozen O’Connor has 550 attorneys who help clients manage risk and make better business decisions. Representing a broad array of leading global corporations and ambitious middle market companies, Cozen O’Connor serves its clients’ needs through 22 offices across two continents.
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