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Having earned the reputation in Florida and the southeastern U.S. for reimagining infill office properties in prime locations, Grover Corlew plans to invest in the building with upgrades to tenant space, common areas, landscaping and the façade.
The company has been a tenant at 801 Brickell since 1986.
Class A office rental rates are exceeding $75 gross in Coconut Grove.
The ultramodern Chamberlain University campus in Miramar will include over 56,000 square feet of space to house lecture-style classrooms, science labs, and simulation care centers, along with an admissions center, faculty offices, and student amenities, such as study areas and lounges.
The logistics firm will seek a smaller office footprint due to remote work.
The property was acquired in a special situation from a long-term private family owner.
CBRE also announced that in the past six months, Kevin Gonzalez, Jake Freeman and Maggie Kurtz have arranged nine new office leases totaling 92,000 square feet at 777 Brickell.
The new, long-term lease brings the 212,619-square-foot building to 100% leased and marks Unique Vacations’ relocation and expansion.
Formerly an industrial building, the stand-alone property has been fully converted for office and restaurant use and features a rooftop terrace.
This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market.
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