FIFA OPENS NEW CORPORATE OFFICE IN CORAL GABLES

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The governing organization of international professional soccer has opened its first corporate office in the Western Hemisphere in Coral Gables.

As first reported by Bloomberg, Zurich-based Fédération Internationale de Football Association, or FIFA, opened the 15,000-square-foot office at 396 Alhambra Circle in Coral Gables. It’s in the same building where FIFA opened a temporary 60,000-square-foot office in anticipation of Miami co-hosting the FIFA World Cup 2026 next summer.

The permanent office houses FIFA’s legal and compliance division, which recently relocated from the organization’s main headquarters in Zurich.

The division’s relocation to Coral Gables is part of FIFA’s new philosophy to be truly global, FIFA President Gianni Infantino said

“To be global, one must be local, and in that respect FIFA needs to be present everywhere in the world, and by being here in Miami, this is another example of that,” Infantino stated. “FIFA is proud to be in Miami, and we expect that through the contribution of the legal and compliance team that we will make a positive impact for the development of football.”

The Coral Gables office is FIFA’s third corporate office, after Zurich and Paris. About 350 employees now work at the organization’s two Coral Gables offices. About 100 will remain in the permanent office after the 2026 World Cup event.

Andres Del Corral, Danet Linares, and Tere Blanca of Blanca Commercial Real Estate represented the building’s landlord, Agave Holdings, in the lease negotiations.

A subsidiary of Agave Holdings, 396 Alhambra LLC, paid $21.5 million for the office property in September 2005. The commercial complex consists of 273,000 square feet of office in two towers, about 30,000 square feet of ground-floor retail, and an 884-space parking garage, according to Loopnet.com, an office listing website.

The 396 Alhambra Circle complex is about a mile away from The Plaza Coral Gables, an Agave-owned mixed-use project with 465,000 square feet of office that includes tenants such as Apple, Bacardi USA, Bradesco Bank, and tech company ACI Worldwide.

South Florida’s office market prospered since the Covid-19 pandemic as both local and out-of-state businesses sought quality office space that would attract employees and clients.

FIFA World Cup 2026 is expected to bring more than 600,000 soccer fans to South Florida. Its economic impact in the Miami metro and each of the other 15 host areas in North America could range from $90 million to $480 million, a research study from Boston Consulting Group stated.

Miami-Dade County will contribute $35.5 million in public funding and services for the event, which includes seven matches at Hard Rock Stadium in Miami Gardens.