WeWork to open at Southeast Financial Center in downtown Miami

The co-working giant has leased 90K sf of office space in the 55-story tower

Miami /
Jun.June 07, 2019 10:30 AM
WeWork CEO Adam Neumann and the building

WeWork CEO Adam Neumann and the building

UPDATED June 7, 1:20 p.m.: WeWork continues its rapid expansion in Miami.

The co-working giant leased about 90,000 square feet of office space in the Southeast Financial Center, Miami’s tallest office building. WeWork will occupy four full floors in the 55-story building at 200 South Biscayne Boulevard.

WeWork will open in phases, with two floors opening by the end of 2019 and the other two slated to open by summer 2020, the company said in a release.

JLL’s Matthew Goodman and Jeffrey Gordon represented WeWork in the lease negotiations. JLL’s Eric Groffman and Don Cartwright represented Southeast Financial Center’s ownership in the deal.

WeWork’s footprint in Florida will now total nearly 750,000 square feet. It has seven other locations open or planned in Miami-Dade County, including two in Miami Beach, two on Brickell, one in Coral Gables and another in downtown Miami. In February, WeWork announced it is moving into 30,000 square feet of office space in Wynwood.

Spanish billionaire Amancio Ortega, whose holdings include the fashion retailer Zara, paid $500 million for the Southeast Financial Center in 2016.


Related Articles

arrow_forward_ios
From left: Property Markets Group's Ryan Shear, Kevin Maloney and Dan Kaplan with Elser Hotel & Residences
PMG, Greybrook score $235M refi of downtown Miami project
PMG, Greybrook score $235M refi of downtown Miami project
Deerwood Town Center at 12085-2107 Southwest 152nd Street in Miami-Dade County, One Biscayne Tower at 2 South Biscayne Boulevard in Miami and 2990 Ponce office building in Coral Gables with Gildenson Real Estate's Eduardo Gildenson and CP Group’s Angelo Bianco (Google Maps, Gildenson Real Estate, CP Group)
Lease roundup: Quest takes space at One Biscayne Tower & more
Lease roundup: Quest takes space at One Biscayne Tower & more
Black Lion's Robert Rivani with One Thousand Museum
Robert Rivani’s Black Lion snags One Thousand Museum restaurant space
Robert Rivani’s Black Lion snags One Thousand Museum restaurant space
Moishe Mana, 48 East Flagler Street (left) and 76 East Flagler Street (right) (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Google Maps)
Moishe Mana’s downtown Miami tenants allege fraudulent eviction
Moishe Mana’s downtown Miami tenants allege fraudulent eviction
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
(Getty)
Here are the resi projects planned for downtown Miami
Here are the resi projects planned for downtown Miami
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
arrow_forward_ios

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

Loading...