City National Bank of Florida To Expand Corporate Headquarters in Coral Gables

City National Bank of Florida To Expand Corporate Headquarters in Coral Gables, Bringing 800 Miami-Based Team Members Together as The Bank Pursues Statewide Growth Strategy

CNB to occupy 145,000 square feet in the former Bacardi USA headquarters, which will be renamed the City National Financial Center; Transaction marks the largest office lease of 2025.

MIAMI, FL — (April 8, 2025) — 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 South Le Jeune Road 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 over 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 over 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 also 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,” City National Bank Vice Chairman and CEO Jorge Gonzalez said. “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 South Le Jeune Road is now 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 Carballo of CBRE represented the building’s ownership, Ponte Gadea, while Matthew Goodman, Jeff Gordon, and Ramon Hernandez of CBRE represented CNB.

Strategically located along Le Jeune Road, a key arterial route, 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.

About City National Bank of Florida

City National Bank of Florida (CNB) is the financial institution to which Floridians have turned for nearly 80 years. Based in Miami, CNB has a presence across South and Central Florida with 1,000 employees statewide. With $27 billion in assets, CNB is one of the state’s largest financial institutions and one of the nation’s fastest-growing banks. CNB is a subsidiary of Chilean bank Banco de Credito e Inversiones (Bci) and remains a community-centric bank guided by local decision-making, with services including commercial banking, real estate lending, private banking, wealth management, international banking, treasury management, corporate services, commercial real estate, residential mortgages, and a capital markets group which offers loan syndication, specialty finance and capital placement. CNB is rated 5 stars "Superior" by Bauer Financial and has earned an “Outstanding” Community Reinvestment Act rating for its lending in underserved communities for more than 20 consecutive years. The bank has been certified a Great Place to Work® and has repeatedly been recognized as one of the nation’s “Best Banks to Work For” by American Banker magazine.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at cbre.com

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