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.
Read on for the most popular news headlines this past week on CRE-sources.
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.
CBRE’s Ben Silver and Evan Fript represented the seller, Excelsior Capital, in the transaction.
Colliers’ Kevin Gonzalez and Ana Paula represented the landlord in the transaction. Nickel Goeseke of Cervera Real Estate represented the tenant.
In honor of the New Year, here are the most popular news headlines of 2025 on CRE-sources.
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.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
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