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Rialto Management Group Signs 46K-SF Office Lease in Downtown Miami

Investment and asset management portfolio platform Rialto Management Group signed a 46,746-square-foot lease at Southeast Financial Center, a 55-story office tower in downtown Miami’s CBD.

Eric Groffman and Cameron Tallon of JLL represented the landlord, Southeast Financial Center, in the transaction. Patrick Duffy of NKF advised Rialto.

Miami’s office market continues to see strong demand for new and high-quality office space, according to JLL’s Q1 2019 Office Insight Report. Miami recorded positive net absorption of nearly 230,000 square feet, which is four times as much as Q1 2018. Leasing activity, meanwhile, surpassed 600,000 square feet, up 2.5% from last quarter, and asking rents increased as well.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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