SAO PAULO, Brazil—In a strategic move, insurance company SulAmérica has signed a 10 year, 155,000 square-foot lease to relocate its headquarters to Rua do Pinheiros 1673.
Following an extensive stay-or-go analysis on behalf of the insurance company, the leading commercial real estate services firm specializing in tenant representation, Studley, determined the relocation to a new, modern and centrally located building would both increase efficiency, and reduce operating costs. The new headquarters location positions SulAmérica close to public transportation options and among numerous restaurants and retail stores. The company, which currently has 190,000 square feet across eight floors, will move to occupy all 13 floors of their new headquarters, leasing 155,000 square feet.
José Luis Barros, general manager of Studley AOS Brazil, represented the tenant in the long-term leasing transaction.
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
Already have an account? Sign In Now
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
