Holland & Knight has decided to retain its longstanding location in Miami’s Brickell district.
The Tampa-based law firm renewed its lease at 701 Brickell Ave. for seven years with an option for an additional six years. Holland occupies 98,000 square feet on five floors in the 34-story tower, double the amount it had when the firm moved into the building in 1993. It is the second-largest tenant after Bank of America.
The dollar value of the lease was not available. However, real estate records show the upper floors go for $44 per square foot, which could put the value of the lease at $3.92 million.
Holland looked at office space in two new Miami skyscrapers, the 600 Brickell building and the downtown Wells Fargo building, before deciding to extend its lease.
“We’ve been here for quite some time, and we like the views, we know the management, and we really like the location,” said Kelly-Ann Cartwright, managing partner of Holland’s Miami office. “We determined this building is best-suited for us.”
Holland’s offices have bird’s-eye views of Biscayne Bay and PortMiami to the east and Coral Gables to the west. About 218 employees, including 112 lawyers, work there.
The Miami location is of particular importance to the firm’s growing international practice. Holland maintains relationships with most major law firms in South and Central America and in the Caribbean. It operates offices in Bogota, Colombia, and Mexico City.
Holland plans a complete remodeling of the Miami space, which hasn’t been renovated for 20 years. The firm hired national design and architectural firm David M. Chason Designs to redesign the space starting next year. The company recently revamped Holland’s offices in Washington, Fort Lauderdale and Tampa.
The firm plans to add cutting-edge technological features such as “smart rooms” on every floor with computer monitors that pop out of conference tables so lawyers who work together on projects don’t have to bring their laptops.
“We want to make the space more efficient and more collaborative so it can be a space not just for now but for the future,” Cartwright said.
Former secretarial space that is now vacant due to rollbacks on the lawyer-secretary ratio will be converted into common areas or conference rooms.
Holland & Knight’s broker was Carter Hopkins at CBRE. The building’s broker is Scott Strickland at Jones Lang LaSalle.