Cosentino, Kimley-Horn headed to Prudential’s Coral Gables office tower

Leases are valued at a combined $16.5 million

TRD MIAMI /
Apr.April 02, 2017 03:10 PM

Prudential Financial’s real estate division just scored two new tenants at its 355 Alhambra office tower in Coral Gables, as announced Friday by brokerage Cushman & Wakefield.

In the larger of the two deals, building materials producer Cosentino North America is packing up its Houston operations for a new 23,923-square-foot space in Coral Gables. This will be the company’s second location in South Florida, its first being a showroom and distribution center in Fort Lauderdale.

Infrastructure design firm Kimley-Horn was the second new tenant announced at 355 Alhambra, where the company has agreed to lease 16,677 square feet. The business is moving from its existing Miami office at 1221 Brickell.

Cushman valued the deals at a combined $16.5 million. The brokerage’s Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza represented Prudential, while Justin Schultz of H3 Hospitality handled Cosentino’s side of the lease.

Prudential paid $83 million for the 16-story tower at 355 Alhambra Circle in December 2015. The building houses 224,241 square feet of rentable office suites and a parking garage with roughly 673 spaces.

Rents in the building are in the $40 per square foot range, according to a recent LoopNet listing, and nearly 73,000 square feet is available. — Sean Stewart-Muniz


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

TIAA sells Weston warehouse for $33M
State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center
Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view
Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon
South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M
Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project
Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama
Power restored after blackout envelopes West Side of Manhattan

Power restored after blackout envelopes West Side of Manhattan

Power restored after blackout envelopes West Side of Manhattan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...