After Two Decades, Law Firm Moves From Brickell For More Affordable Office Space
Renewing the lease would have resulted in rent increasing by roughly three times the firm’s prior rate.
Renewing the lease would have resulted in rent increasing by roughly three times the firm’s prior rate.
DWS Group initially brought the property to market in July 2025, seeking approximately $125 million. The complex last sold in 2015 for $118.55 million.
Previously, the space served as the headquarters for Parbel, a fragrance and cosmetics subsidiary of L’Oréal. The current lease runs through August 2027.
Colliers’ Kevin Gonzalez and Ana Paula represented the landlord in the transaction. Nickel Goeseke of Cervera Real Estate represented the tenant.
Jonathan De La Rosa and Eddie Toledo, investment specialists in Marcus & Millichap’s Miami office, represented the sellers in the transaction.
The 126,000-square-foot Class A+ waterfront office building is expected to be completed in early 2027.
Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction.
The 57-story office tower is Miami’s first Class-A delivery in more than a decade.
The entire site encompasses 228,355 land square feet and 435 feet of frontage along South Dixie Highway, and includes a 4-story office building.
Wynwood is now Miami’s most active office submarket, recording more than 572,000 square feet of absorption this year, the highest in the county and a rare bright spot as many national markets flatten.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
