A sign that Miami's legal and professional services sector continues to place value on high quality, historically significant architectural design and industry leading management, the One Flagler Building on Flagler Street in downtown Miami is experiencing significant leasing activity.
The increased activity comes as a direct result of recent building improvements, propelling One Flagler to the best value in Downtown Miami.
One Flagler's most recent deals have added more than 30,000 square feet of new leases in the last three months.
Legal tenant Tabas Freedman Soloff Miller & Brown, a prominent bankruptcy and business law firm, renewed its lease for the Penthouse and has also taken 75% of the floor below.
"We are very pleased to expand our Firm at One Flagler. The ownership group has made a strong commitment to this iconic building in the heart of Miami's legal district and Midgard Management has reinvigorated the building's operations making it a natural choice for us to extend our lease and expand within the building," said Joel Tabas, for Tabas Freedman.
With 11,584 square feet, the firm will be one of the building's largest tenants.
The transaction was handled by the Midgard's Director of Real Estate, Lynn-Ann Ierna and represented by Jeremy Green of Benchmark Realty Group.
Midgard Group has completed an incredibly substantial improvements program consisting of enhancements to the HVAC system including a new cooling tower, upgraded chillers and a mini-chilled loop providing cooling and heating with state-of-the-art energy management systems - one of the major steps in bringing the building to LEED certification.
Additionally, corridor ceilings are being raised to 10 feet, entry doors to 8-foot solid wood and tenant build outs to include a significant amount of glass to allow for ample natural light in all areas of the offices while producing a nearly 100% occupancy of the retail lineup.
The ambitious improvement program was enough to attract another law firm, Wadsworth Huott, in signing a lease to occupy 10,000 square feet, taking the entire 11th floor. The firm also has offices in West Palm Beach, Tampa and Jacksonville.
One Flagler was represented by Jeremy Green of Benchmark Realty Group in the deal.