PwC Closes 38K SF Lease in Wynwood

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Accounting giant PwC has landed in Wynwood, in a sign of the trendy Miami neighborhood’s maturing image.

The firm, also known as PricewaterhouseCoopers, closed on a 38,409-square-foot deal at the 545wyn office building, the developer announced, confirming an earlier Commercial Observer report

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The nine-year lease covers the entire eighth floor of the 10-story property. The company is expected to move into its new office next summer. 

Chicago-based developer Sterling Bay completed the 499,370-square-foot mixed-use building last year, which offers 298,000 square feet of leasable space for offices, with the remaining space dedicated to ground-floor retail and parking. 

Other tenants include global architectural firm Gensler, Slalom Consulting, Actuate Lawmedical equipment manufacturer Neocis, and Love Life Café on the ground floor. 

Located at 545 NW 26th Street, the property sits by the western edge of Wynwood, facing Interstate 95. 

PwC has an office in Hallandale Beach. It’s unclear whether that office will remain open following the Wynwood deal.

For Wynwood, PwC’s lease marks a progression beyond its colorful murals and nightlife scene. Tech companies such as Blockchain.com and OpenStore, among others, have moved in over the past two years.

Besides 545wyn in Miami, Sterling Bay is developing a new global headquarters on Brickell Bay Drive for financial firm Citadel, which is relocating from Chicago.

In the PwC transaction, Randy Carballo, Juan Ruiz and Tere Blanca of Blanca Commercial Real Estate represented the landlord. Locke Burnette, Todd Brandon and Tony Jones from Cushman & Wakefield worked on behalf of the tenant. 

Julia Echikson can be reached at jechikson@commercialobserver.com.