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White & Case, one of the world's leading international law firms, maintained its Florida headquarters in three floors at Miami's premier commercial property, 200 South Biscayne Boulevard. However, the floors, 47, 49 and 50, were not contiguous. Moreover, the firm was further expanding its operations in Florida, but there was no additional contiguous space at the property. With three years remaining on the existing lease, Newmark Knight Frank, as a trusted advisor for many of White & Case's most important real estate assignments (including the firm's global headquarters lease in Manhattan) was retained to develop and implement a strategic plan.


Newmark Knight Frank reviewed White & Case's current and projected space requirements, working with an architect to create a comprehensive space program. Once this had been completed, Newmark Knight Frank began evaluating the market for relocation alternatives, both in Miami and in nearby Coral Gables. Additionally, the firm evaluated any possible expansion options at White & Case's existing location.

Ultimately, the partners of White & Case decided that they wanted to remain within Miami. However, since they were already in the City's premier building, they did not want to relocate, but needed to find a way to expand within the property without creating operational inefficiencies.

To satisfy its client's wishes, Newmark Knight Frank began negotiations with the tenant that occupied the 48th floor at 200 South Biscayne Boulevard. Following a thorough presentation, Newmark Knight Frank convinced that tenant, another law firm, to move its operations to the 44th floor, allowing White & Case to secure the 48th floor for itself.


During the negotiation process with the property's owner, Newmark Knight Frank restructured White & Case's existing lease, in addition to securing it the expansion space. According to the terms of the restructured lease, White & Case's rent was reduced, favorable expansion and contraction rights were procured and a generous tenant improvement allowance was provided. Thanks to Newmark Knight Frank's creative strategy, White & Case has its ideal offices at the optimal property.

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Size:
75,000 SF

Services Provided:
- Tenant Representation

Timing:
2003

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