Squire Sanders Staying In Southeast Financial Center
Squire Sanders has renewed its lease at the Southeast Financial Center in downtown Miami but is moving on up—to the 46th and 47th floors. Terms were not released.
Squire Sanders, now on the 41st and 42nd floors, is taking 30,019 square feet when it goes higher with Shutts & Bowen taking its floors. Shutts & Bowen signed a 69,155-square-foot lease in the 55-story building last week.
Luis Reiter, Miami managing partner for Squire, said the international law firm didn't consider moving when its lease was up. The firm has been in the building since its 2005 merger with Steel Hector & Davis, one of the original tenants.
"We've been happy in this building," Reiter said.
Squire Sanders was represented by Washington Realty Group, and the Southeast Financial Center was represented by Jones Lang LaSalle.
With the new leases, the tower has 24 law firm tenants occupying 431,588 square feet of space. Other law firm tenants include DLA Piper, Duane Morris and White & Case.
The building is Miami's largest office tower with 1.22 million square feet.