MIAMI—Coral Gables has seen plenty of traction 2014 and the Miami submarket is maintaining its momentum in the fourth quarter. Two new tenants recently inked leases at The Alhambra, 14-story, class A office tower interconnected with the Hyatt Hotel in the heart of Coral Gables.

Private trust and investment firm Fiduciary Trust International of the South, a division of Franklin Templeton Investments, has signed a lease for 12,500 square feet at 2 Alhambra Plaza. The firm is relocating from its current office space at 200 Biscayne Boulevard in Downtown Miami to accommodate growth.

“We have seen a lot of tenants relocating from the Central Business District to Coral Gables because they like the ample parking, convenient access to Miami International Airport and the rich cultural, entertainment, dining options offered in Coral Gables,” CBRE's Maggie Kurtz tells GlobeSt.com. CBRE represented the landlord, an affiliate of USAA Real Estate Company, the largest owners of class A office space in Coral Gables, in the lease transactions. Blanca Commercial Real Estate agents Alison Pages, Hank Klein, and Alexander Cahlin represented Fiduciary Trust.

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