Brickell Avenue Office Tower To Undergo $12 Million Renovation
CBRE has been hired as the new leasing agent for the 300,000 square foot twin tower project.
CBRE has been hired as the new leasing agent for the 300,000 square foot twin tower project.
Gordon Messinger, Executive Vice President with CBRE, represented the landlord and developer in the transaction.
The company has been a tenant at 801 Brickell since 1986.
Class A office rental rates are exceeding $75 gross in Coconut Grove.
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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