Week of October 27, 2011
Wells Fargo Center changes ownership and management By Marilyn BowdenDue to a change in ownership, Taylor & Mathis has assumed leasing and management of the Wells Fargo Center, formerly known as Met 2. The 47-story, 750,000-square-foot office tower, at 333 Avenue of the Americas, was developed as the second phase of Metropolitan Miami, a joint venture between MDM Development and MetLife. However, MetLife issued a statement that it has bought out its partner's stake in the Wells Fargo Center and is now sole owner. "In connection with the buyout," the announcement states, "MetLife has named Taylor & Mathis of Florida to oversee the management and leasing of the property. The Wells Fargo Center is a core asset in MetLife's diversified real estate portfolio, and the company is committed to its long-term investment in the development." Brian Gale, Taylor & Mathis's senior leasing representative in Florida, confirmed that he will be handling leasing at the property but declined further comment. Completed in midyear 2010, Met 2 was the second of three new office towers to be delivered to the downtown-Brickell market. Four major tenants have been announced: Wells Fargo Bank, whose lease of 250,000 square feet over four floors earned it naming rights; law firms Greenberg Traurig and McDermott Will & Emery, and global accounting firm Deloitte. According to Jones Lang LaSalle's third-quarter On Point, a comprehensive office market report, just under 60% of the property is still available, and it can offer the area's largest block of contiguous space — 225,000 square feet on floors 24-32. Taylor & Mathis also handles leasing and management for MetLife's 900,000 square feet of office space in eight buildings at Waterford at Blue Lagoon office park in Airport West. To read the entire issue of Miami Today online, subscribe to e -Miami Today, an exact digital replica of the printed edition. |
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