The Alhambra in Coral Gables Signs New Tenant

Last week we reported about Pipeline Workspaces, a national high-design shared office space concept signing a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. Now, according to CBRE’s recent written announcement, the adjacent Alhambra office tower is also soon to welcome a new tenant, Fiduciary Trust International of the South.

It was reported last week that Pipeline Workspaces, a national high-design shared office space concept inked a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. Now, according to a recent written announcement, the adjacent Alhambra office tower is also soon to welcome a new tenant, Fiduciary Trust International of the South. CBRE represented the landlord in the transaction and agents Alison Pages, Hank Klein and Alexander Cahlin of Blanca Commercial Real Estate spoke for Fiduciary Trust.

Fiduciary Trust International of the South is a division of Franklin Templeton Investments. The company leased 12,500 square feet at 2 Alhambra Plaza where it will relocate from its current location at 200 Biscayne Boulevard to accommodate its growth. The firm will move from the Central Business District location in mid-2015.

Owned by USAA Real Estate Company, the largest owner of Class A office space in Coral Gables, The Alhambra is a 14-story Class A office tower interconnected with the Hyatt Hotel located in the heart of the city. The addition of the two new tenants, its occupancy has reached 85 percent, up from 52 percent only 18 months ago. Beacon Health Strategies occupied 17,217 square feet at The Alhambra earlier this year. It has been the largest new lease so far this year in Coral Gables.

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