Citigroup Center in downtown Miami scored five new tenants.
Wealth management firm Boreal Capital Management leased 12,500 square feet at the 34-story tower at 201 South Biscayne Boulevard, where it will move in 2026 from its office in Brickell, according to the landlords’ news release. Boreal now is at 1450 Brickell Avenue in Miami, the firm’s website shows.
New-to-market tenant JAB Holding Company, an investment firm, opened its 9,000-square-foot office at Citigroup Center, the release says. Also, commercial real estate firm Onyx Funding opened its 3,200-square-foot office at the tower, moving from Wynwood.
Onyx’s previous office was at 2200 Northwest 2nd Avenue in Miami, according to its website.
Others that leased at Citigroup Center are an undisclosed international government agency, which also is a new-to-market tenant and will move into a 7,000-square-foot office next year; and automotive marine terminal and logistics operator Horizon Auto Logistics, which took 2,600 square feet, according to the release.
Also, Capital Advertising moved within Citigroup Center, expanding to 2,100 square feet; and law firm Hughes Hubbard & Reed renewed its 15,000-square-foot lease.
Steven Hurwitz and Doug Okun of JLL represented the landlords.
Cyril Bijaoui of Longstead at The Corcoran Group represented Boreal. Scott Weston and Marty Bradley of Maddux and Company represented JAB Holding. Tom Capocefalo and Amanda Montanez Alvarado of Savills represented the international government agency. Brent Palmer and Sharon Ellis of Palmer Property Group represented Horizon.
CP Group, Monarch Alternative Capital and Tourmaline Capital Partners own the 810,000-square-foot Citigroup Center. CP bought the tower for $262.5 million in 2012, and Monarch and Tourmaline bought out Townsend Group’s ownership interest in the building in 2021 for over $300 million.
Culto Fútbol | Miami Beach
A sportswear retailer founded in Mexico will open its first U.S. store in Miami Beach ahead of the 2026 World Cup.
Culto Fútbol, which offers soccer apparel, cleats and accessories, leased 7,400 square feet at 744 Lincoln Road, according to the landlord’s news release. It’s expected to open next summer.
The store will offer official jerseys for Inter Miami CF, Los Angeles FC, Real Madrid, Club America, Tigres and Rayados, the release says. Grupo Innovasport is the parent company of Culto Fútbol.
Miami Beach-based Comras Company, led by Michael Comras, owns the property.
Lidia Dinkova, TheRealDeal
Read more here: therealdeal.com
