Insurance Leader SulAmerica Relocates

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.