Citigroup Center in downtown Miami recently reported new leasing activity totaling nearly 39,000 square feet. Agreements signed at the 34-story trophy tower included six new tenants, four of which will be occupying new spec suites recently completed at the property. Additionally, the leases included two renewals, one of which also included a footprint expansion.

Independent City of Miami agency Miami Downtown Development Authority (DDA) signed a lease for nearly 9,300 square feet for its relocation from its existing downtown Miami office location at 200 South Biscayne Blvd.

“Downtown Miami continues to grow into a premier residential and commercial destination, attracting great businesses who recognize the value of being in this urban core,” said Christina Crespi, CEO of the Miami DDA. “Moving into the Citigroup Center is a great opportunity for the DDA to continue to champion and be part of the growth of downtown, while enjoying the benefits of this updated iconic location.”

Additionally:

• West Hollywood, Calif.-based multifamily real estate investment sponsor Trion Properties is new to the Miami market and has signed a lease for a new spec suite of nearly 3,700 square feet of class A office space at the Citigroup Center tower.
• Chile-based investment advisory firm Lithium Capital Management leased a new spec suite of roughly 2,500 square feet for its Miami office.
• International recruiting and human capital tech solutions provider Kili Topco Limited and its subsidiary (K2 Human Capital Solutions, Inc.) will be relocating from Brickell to a 2,514-square-foot spec suite at Citigroup Center.
• Marex Solutions — a division of U.K.-based financial services company Marex — leased a 3,242-square-foot spec suite in the building. With this, the company adds Miami office space to its U.S. footprint, which already includes offices in New York and Chicago.
• Global steel trading company Pisec Group marked another relocation from Brickell to Citigroup Center, where the company signed a lease for a 2,145-square-foot spec suite.
• Brazilian investment advisory firm Galapagos Advisory renewed its lease at the property and expanded its footprint to more than 4,600 square feet of office space.

A JLL team of Steven Hurwitz, Doug Okun, and Madeline Fine worked on behalf of the landlord in the leasing negotiations at Citigroup Center.

“Citigroup Center’s location at the heart of Miami’s central business district has made it a magnet for national and global companies across a variety of industries,” said Hurwitz. “The demand for turnkey, flexible office space remains strong. Leading firms are seeking high-quality, amenitized workplaces to help attract top talent and maintain employee satisfaction.”

Capital improvements that were recently completed at the tower include: a renovated lobby with an activated cafe; an executive valet service program; modern, newly designed spec suites; and implementation of health and wellness programs both on-site and at nearby outdoor destinations. Aiming to provide an unmatched, hospitality-driven tenant experience, Citigroup Center also recently signed a lease for the ground-floor restaurant space with Cactus Club Café, which marks the Canada-based restaurant collection’s first Florida location.

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