Banco Itaú Europa International has leased 38,143 square feet of Class A office space in downtown Miami’s Wachovia Financial Center. It will occupy most of the 21st floor and all of the 22nd floor.
Banc Itaú’s international private banking and wealth management area is affiliated with Banco Itaú S.A, Brazil’s second-largest non-government commercial bank. It will employ 150 employees in its Miami operation.
The lease is for more than 10 years. Its value was not disclosed.
The lease follows Banco Itaú Europa International’s acquisition of the Miami-based edge arms of BankBoston and ABN Amro.
Banco Itau is an Edge Arms bank, which means it is alloed to engage in international banking through federally chartered subsidiaries.
ABN Amro’s branch had been a long-time tenant in Wachovia Financial Center, and the bank’s lease was set to expire in 2012.
California-based Gensler Architecture and Design is redesigning the space.
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