Tishman Speyer makes comeback in Miami

Tishman Speyer recently acquired Courvoisier Centre, a 335,000-square-foot, mixed-use office property in Miami, Fla., for an undisclosed price. The acquisition marks the company's first property in Miami in more than two decades.

Florida Office Property Co. sold the two-building, class A property located on Brickell Key in a transaction that closed Tuesday.

The property includes 22,000 square feet of retail space; numerous tenant terraces and corner offices; a waterfront jogging park; drive-through bank; and a 923-space parking garage -- the only public garage on Brickell Key Island. The property was 89 percent leased at the time of sale by tenants that included Credit Lyonnais, Sony Ericcson, Swire Pacific Holdings Inc., and Young and Rubicam.

Jerry I. Speyer, president of Tishman Speyer, said, "We have been interested in re-entering the Florida market for some time and wanted to find a great property. We are excited to acquire Courvoisier Centre and about the long-term potential of the Miami market."

Currently, Tishman Speyer owns and/or manages more than 120 office buildings, representing 80 million-plus square feet, and more than 11,200 residential units.

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