doubles office space for Latin headquarters
Coral Gables employer Cargill Latin America has leased a full floor at 2525
Ponce De Leon Blvd., nearly doubling its space in its new Latin American headquarters.
Latin American business is growing," said Cargill Vice President John McCabe.
"We are adding more people, and we wanted to be in a building that could
put everybody on a single floor."
one of Cargill's subsidiaries, Excel Beef, has space in Medley, he said, the
company wants to keep its Latin American headquarters in Coral Gables, where
it has been for nearly 15 years.
more than 100,000 employees in 60 countries, Minneapolis-based Cargill, an international
provider of food, agricultural, pharmaceutical, financial and risk management
products and services, is one of the largest privately held companies in the
US. The company reported $1.036 billion in earnings from operations for the
2003 fiscal year.
thrilled to have such a large and respectable company," said Project Manager
Gonzalo Cortabarria, who handles leasing in the new Hines office tower. "This
is the type of tenant we love to have in our property."
Cargill lease brings occupancy at the 12-story, 250,000-square-foot building
to about 60%, he said. The building, which opened last September, is also home
to law firms Adorno & Yoss and Kozyak Tropin Throckmorton; IVC Television, which
holds licenses for several cable networks in Latin America; Raymond James, and
still have available the top three floors: 65,000 square feet of contiguous
prime office space, which is unique in the market," Mr. Cortabarria said.
Klotz, a senior vice president at CB Richard Ellis who brokered the deal for
Cargill, said the company, which was in 11,358 square feet at 75 Valencia, will
spread into 21,857 square feet when it moves next fall into its space in the
county's newest class A office building.
a market that is growing tighter, satisfying all of Cargill's requirements wasn't
easy, Mr. Klotz said.
the search for new space got under way last September, Mr. Klotz said, there
were a few options that could accommodate all of Cargill's requirements.
stepped up and made it happen at 2525 Ponce," he said. "There was
a lot of creativity on both sides of the table. With the market firming up,
it was important that we secure something."