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City National Bank of Florida (CNB) will expand its corporate headquarters and bring its Miami-Dade County-based workforce together under one roof when it moves into a new, 145,000-square-foot office at 2701 S. LeJeune Rd. in Downtown Coral Gables.
The Class A office building, which formerly served as the global headquarters for Bacardi USA, will be renamed as the City National Financial Center when the bank occupies its new space starting in 2026.
Founded in Miami in 1946, CNB now ranks among the two largest banks based in Florida and one of the 75 largest commercial banks in the U.S. by asset value, according to The Federal Reserve. The bank has grown significantly during the past 15 years, with its assets increasing from $3 billion to $27 billion and its employee headcount eclipsing 1,000 people.
To sustain this growth, CNB is setting out to expand the size of its workforce by 20 percent during the next 18 months.
Recent investments include the launch of a national capital markets group, a new initiative focused on small business banking, and the continued growth of CNB’s presence in Broward and Palm Beach counties, Orlando, and Tampa Bay.
CNB’s move into the expanded headquarters space will consolidate three existing offices now located in Downtown Miami, the Brickell Financial District, and in Coral Gables. Several of the bank’s key business lines will now be housed in a single office, including private banking, small business banking, international banking, wealth management, commercial and corporate banking, commercial and residential real estate, capital markets, and specialty financing. The consolidation will bring together internal operations such as information technology, human resources and finance.
“At its core, the decision to expand CNB’s headquarters is all about our people,” said Jorge Gonzalez, City National Bank vice chair and CEO. “Bringing together teams currently stationed in Downtown Miami, the Brickell Financial District, and our existing Coral Gables office will foster deeper collaboration, streamline our operations, and create an environment where relationships thrive. These benefits will advance our mission of attracting, developing, and empowering best-in-class talent while continuing to deliver exceptional service to our clients.”
Built in 2009, the 16-story building at 2710 S. LeJeune Rd, is undergoing a multimillion-dollar renovation, and will feature a revamped lobby, modernized common areas, and the addition of premium amenities, including a state-of-the-art conference center, fitness center, and onsite café.
As part of the renovation, CNB’s name will be prominently featured atop the building, and the bank will debut a new Client Experience Center on the first floor, introducing a flexible space where team members can engage with clients in a personalized setting.
The transaction marks the largest lease to take place in the South Florida region this year.
Eric Groffman, Cameron Tallon, and Randy Carballoof CBRE represented the building’s ownership, Ponte Gadea, while Matthew Goodman, Jeff Gordon, and Ramon Hernandez of CBRE represented CNB.
Strategically located along LeJeune Road, the building offers a short commute to Miami International Airport and is within walking distance to Coral Gables’ finest attractions, such as Merrick Park and Miracle Mile.
For more information, visit the website at cbre.com.
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