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| 550 Biltmore, Coral Gables, FL |
CORAL GABLES, FL -- In the largest Coral Gables lease this year, Taylor & Mathis
has finalized the 43,500-square-foot renewal of UBS at 550 Biltmore, the
iconic pyramid-shaped landmark in Coral Gables.
The 12 year, multi-million lease was brokered by Taylor
& Mathis Director of Leasing, Ryan Holtzman and UBS broker, Tony
Jones of Cushman & Wakefield.
“We are ecstatic that UBS decided to keep their domestic and
international operations at 550 Biltmore. AEW (owner) spent millions of dollars
over the past 3 years to upgrade the iconic building, including the lobby,
elevators and common areas.
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| Ryan Holtzman |
“This gave us our best chance to renew UBS, which paid off”,
stated Holtzman. The financial services firm has been the anchor tenant in the
building, since 1999.
“The renovations earned the building the Renovated Building
of the Year award from the Building Owners and Managers Association (BOMA) in
2013.”
UBS conducted an
extensive office space search within Coral Gables before deciding to renew at
550 Biltmore. The market, with a higher
vacancy rate than neighboring sub-markets, had numerous office space options
for the financial services firm.
550 Biltmore, a 14-story pyramidal landmark office building
in downtown Coral Gables, underwent a major renovation to the lobby,
incorporating clean, modern lines in the design and furnishings as wells as
upgrades to the mechanical and HVAC systems.
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| Tony Jones |
The 162,293 square foot office building features a pyramid
configuration, enabling most suites to feature a private balcony with
conference-size terraces for larger offices.
The facade is comprised of imported Italian travertine marble and black
granite. A circular driveway and
fountain demarks the building's main entrance, which is flanked by two
impressive bronze-cast lions.
For a complete copy of the company’s news release, please
contact:
Ryan Holtzman, rholtzman@taylormathis.com
305.476.8880
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