Rialto Relocates to Florida’s Tallest Office Tower
- Jul 15, 2019
Rialto Management Group has inked a 46,746-square-foot lease at Southeast Financial Center in downtown Miami. The investment and asset management platform will relocate its headquarters from 790 NW 107th Ave., in the Doral area. JLL Executive Vice President Eric Groffman and Vice President Cameron Tallon represented the landlord, Ponte Gadea Biscayne. Patrick Duffy, vice chairman of Newmark Knight Frank, negotiated the lease on behalf of the tenant.
Located at 200 S. Biscayne Blvd., Florida’s tallest office tower is directly across from the city’s free Metromover, less than one mile west of Interstate 95 and approximately 1.5 miles south of Interstate 395. Miami International Airport is within a 15-minute drive. The downtown area abounds with hotels, shopping and dining venues.
Southeast Financial Center consists of two buildings: a 55-story tower totaling 1,233,401 square feet of Class A office space and a 15-story annex building named the Cube. The properties are connected by an elevated covered walkway. At ground level, the property features a 30,000-square-foot outdoor plaza with landscaping and seating areas, as well as various cafe and dining options.
According to Yardi Matrix data, the Center was completed in 1981 and underwent cosmetic renovations in 2012 and 2014. The LEED Gold-certified skyscraper is currently 71 percent leased, with WeWork among the tenants. The coworking giant leased 89,300 square feet at the property in June.