TotalBank Moving HQ To Iconic Miami Tower In Downtown Miami

, Daily Business Review


Miami Tower

TotalBank plans to move its headquarters to the iconic Miami Tower in downtown Miami in May 2014.

The bank is leasing 60,000 square feet on three floors at 100 SE Second St. and will have a banking center on the ground floor.

The bank has been based in the same location at 2720 Coral Way since its founding in 1974. The move will give the bank rooftop signage for its 40th anniversary.

"We are excited about the expansion and addition to our capacity to better serve our customers in an enhanced downtown location. Our new headquarters is designed to streamline efficiency and promote employee collaboration at every level," bank chairman Jorge Rossell said. "This move is all about maximizing efficiency and the full optimization of our business plan."

Matthew Goodman, managing principal of Cresa South Florida, represented TotalBank in the lease. Eric Groffman, senior vice president of Transwestern, represented Miami Tower.

New York-based Gensler has been hired for the interior design and architecture, which will emphasize sustainable design.

The existing headquarters at 2720 Coral Way will be renovated and become the new operations center, which was in the Palmetto Bay branch. The bank's international banking and wealth management units will remain at 800 Brickell Ave.

TotalBank has more than $2.5 billion in assets and 21 locations in Miami-Dade County. It is owned by Spain's Grupo Banco Popular Español, which has more than $200 billion in assets and 2,500 branches.

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