Kaseya, a provider of cloud-based IT management and security software, signed a contract to expand their Miami footprint by 64,716 square feet across the second, third and fourth floors in anticipation of hiring up to an additional 500 employees in Miami. Tony Jones of Cushman & Wakefield represented Kaseya in the transaction.
“This is an exciting time for Kaseya, and we are experiencing explosive growth. As a global company with our U.S. headquarters in Miami, we are committed to growing local tech talent. This beautiful, new cutting-edge space will accommodate our expanding workforce and solidify our presence in the Brickell District,” said Fred Voccola, Kaseya’s CEO.
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, a 288,485-square-foot office tower in Miami on behalf of the landlord, Alliance Real Estate Group. Of the new leases, over 80,000 square feet of space were new-to-market companies or expansions of existing companies in the area.
“As Miami continues to see unprecedented migration from other markets, companies are focused on buildings that can provide an inviting environment to help attract talent back to the workplace. With the renovations currently underway, 777 Brickell will be positioned as a premier boutique office offering on Brickell Avenue,” said Gonzalez, a vice president with CBRE in Miami.
Situated on the northeast corner of Southeast 8th Street and Brickell Avenue, the 13-story waterfront building is 93 percent occupied. The property features 24-hour security, on-site banking and ATM, Truluck’s restaurant, a full-service beauty salon, gym and a five-story parking garage. New renovations to the building include a full lobby remodel, an on-site café and a tenant lounge in the building atrium.
CBRE is marketing the remaining 21,000 square feet on the 10th floor for lease.
“Located in the heart of Miami’s Central Business District, this property is one of the few office buildings with unobstructed water views. 777 Brickell has exceptional curb appeal and is extremely commuter friendly, sitting at the intersection of the two most prominent arteries within the walkable, live-work-play Brickell neighborhood,” said Kurtz, a senior vice president with CBRE in Miami.
According to CBRE Research, Class A product accounted for all of the positive absorption in 2021, demonstrating a demand for high quality product. Current tenant requirements total 1.6 million square feet with financial services, technology and healthcare being the top industries in the market. Additionally, 585,000 square feet of active requirements are new-to-market.
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