In a strategic move, insurance company SulAmérica has signed a 10 year, 155,000 square-foot lease to relocate its headquarters to Rua do Pinheiros 1673.
Following an extensive stay-or-go analysis on behalf of the insurance company, the leading commercial real estate services firm specializing in tenant representation, Studley, determined the relocation to a new, modern and centrally located building would both increase efficiency, and reduce operating costs. The new headquarters location positions SulAmérica close to public transportation options and among numerous restaurants and retail stores. The company, which currently has 190,000 square feet across eight floors, will move to occupy all 13 floors of their new headquarters, leasing 155,000 square feet.
José Luis Barros, general manager of Studley AOS Brazil, represented the tenant in the long-term leasing transaction.Insurance Leader SulAmerica Relocates
Related StoriesInsurance Giant, Sulamérica, Moves to Increase Real Estate Efficiency & Reduce Operating Costs
Studley opens its first office in Shanghai, China