Is this a mixed-use tower or all office?
Law firm Kirkland & Ellis has signed one of Miamiās largest office leases of the year, taking 115,000 square feet across six floors at 830 Brickell.
The deal completes leasing at the 55-story office tower, which is being developed by OKO Group and Cain International , and is the only new office tower of its ilk in the city.
All office
830 Brickell Lands Rothschild & Co. As Tenant
In another coup for 830 Brickell, the Class A tower has lured an additional blue-chip tenant.
Financial advisory firm Rothschild & Co. said Thursday that it will take 5,000 square feet at Miamiās priciest office building. Lease rates at 830 Brickell have topped $120 per square foot, a new record for South Florida.
āMiami is a growing, dynamic financial center which is attracting the interests of our key clients, making it clear that this new office will be an important hub for the firm,ā Eric Hirschfield, who will run the Rothschild outpost, said in a statement.
Rothschild & Co is a 200-year-old family-controlled company. The London-based financial firm didnāt say how many employees would be based at its Miami office or what their roles would be. But Rothschildās announcement mentioned its Global Advisory unit, which specializes in mergers and acquisitions and financing solutions.
Cushman & Wakefieldās Brian Gale, Andrew Trench and Ryan Holtzman represented the landlord in the transaction. Scott Quick and Alan Wildes of Cushman & Wakefield represented the tenant.
The 55-story tower has bucked work-from-home trends by recruiting a roster of prominent tenants. Last year, law firm Kirkland & Ellis signed one of Miamiās largest office leases of 2022, taking 115,000 square feet across six floors at 830 Brickell.
The tower is being developed by OKO Group and Cain International. Kirkland & Ellis will be the largest occupant of the 638,355-square-foot building, scheduled for completion this year.
Other tenants at 830 Brickell include Citadel, Santander, Microsoft and law firms Baker McKenzie and Sidley Austin. Fully 90 percent of the tenants at the property are new to the Miami market, the developers said.
========================
This article highlights how minuscule the Miami office market is. Theyāre reporting on a tenant taking 5,000 sf. 50k sf leases in NY go under the radar.
True point. But in this case, I think it is being highlighted due to the high profile of the tenant and the building.
Nonetheless, 5k sf is a grain of sand on the beach. Jesus could lease 5k sf in NY, and it wouldnāt get any notice notwithstanding his unprecedented stature.