Global Crossings To Double Size Of Latincaribbean Brickell Office
Written by Miami Today on July 26, 2001
By Sherri C. Ranta
Global Crossings, an international broadband services provider, plans to more than double its leased space at its Latin American-Caribbean headquarters, 1221 Brickell Ave.
The company will lease 16,000 square feet, the entire 25th floor, to provide more elbow room for the more than 100 employees now housed in about 14,000 square feet on the 16th floor and in other buildings, said company spokesman Terri Mueller.
"We’ve just grown rapidly since moving into the building last year. Operations have doubled. We have looked into other possibilities, but decided to lease additional space," she said.
Ms. Mueller said Global Crossings operates an extensive global fiber-optic network connecting 200 cities around the world. The company provides services to carriers such as AT&T Latin America.
In addition to its Brickell Avenue offices, Ms. Mueller said, Global Crossings leases 100,000 square feet of telecom space, or the sixth floor, at Technology Center of the Americas, called the TECOTA. The six-story Terremark Worldwide structure houses the network access point of the Americas, one of five tier-1 network access points in the US.
Ms. Mueller said the company is having the floor built-out and has no plans to look for additional space in TECOTA at this time. A small staff will operate there, she said, but the space is to be primarily used for electronic equipment, such as routers and switches, to serve client traffic on the Internet.
Global Crossings has another secure telecom facility in Miami, she said, but keeps its address confidential for security reasons. The firm also has a cable landing station in Hollywood.
Scott Strickland, director for AFA Real Estate Services Inc., the company that manages the building at 1221 Brickell Ave., said it is leased with the exception of about 4,200 square feet on the 15th floor and about 55,000 square feet available for sublease from Telefonica International Inc. Telefonica is a telecommunications and multimedia firm which has its name on the building.
About 16,600 square feet on the 14th floor is expected to become available in the third quarter, Mr. Strickland said, when Lehman Brothers Inc., moves to the Barclay Financial Center. Building owners Brickell Equities Corp. Ltd., agreed to terminate the lease because the company space needed to expand, he said.
CB Richard Ellis First Vice President Chris Coots, who represents Telefonica, said the company has about 69,000 square feet available for sublease at 1221 Brickell Ave., and at 1001 Brickell Bay Dr. About 11,000 square feet has been leased, he said. The space has been on the market for less than two months.
"We have several deals under serious negotiations – several full floor deals," he said.