Ryan Levy of Cushman & Wakefield represented Berkadia in its 2,667-square-foot lease. La Prairie is upgrading its office space, relocating from New World Tower to 2,637 square feet at Wells Fargo Center. Jones represented the skin care company.

Other tenants in the building include Wells Fargo Bank, Greenberg Traurig, GrayRobinson, Deloitte, McDermott, Will & Emery and Littler Mendelson PA. The office building shares a site with a JW Marriott Marquis hotel and the first Hotel Beaux Arts, part of the Marriott International luxury group.

In this new-to-market tenant equation, who has the upper hand: the tenant or the landlord? Alan Kleber, a managing principal at Cresa South Florida, tells GlobeSt.com there are pockets of buildings that could cut either way as being soft or opportunistic and those that are well capitalized with strong operating metrics that are going to drive a premium comparable to the market.

"The office market is highly nuanced as there are many factors driving both landlord and tenant motivations and thus deal structures," Kleber says. "I have been in the business long enough to know a crystal ball does not exist and the fundamentals of deal making is being played in both the macroeconomic and microeconomic environment and often times the line graphs do not intersect.”