JLL Inks 65,000 SF Renewal

In what represents the largest office deal signed in Brickell this year, Jones Lang LaSalle has finalized a 65,009-square-foot renewal with Royal Bank of Canada (RBC), one of 801 Brickell’s original tenants, which is now growing its footprint and business lines by 10,209 square feet.  In the first six months of 2013, 12 renewals, expansions and new leases were signed for the Class A trophy tower, increasing occupancy by 10 percent to 95 percent leased.  Financial terms of the transactions were not disclosed.
Jones Lang LaSalle Senior Vice Presidents Stephen Rutchik and Jonathan Kingsley exclusively represent the owner, financial services organization TIAA-CREF, in all transactions for this property.
The building’s steady stream of activity has coincided with capital improvement initiatives resulting in aesthetic and efficiency upgrades.  This year, 801 Brickell has welcomed new tenants CGI Merchant Group, Greytown Advisors and Skyline Equities.  Two long-standing tenants, Banco Colpatria and PartnerRe, extended their leases at the tower.  And, in addition to Royal Bank of Canada, six other existing tenants renewed and expanded their presence: Bolton Capital, Criteria Group, Gensler, LOGS Group, Lufthansa and MasterCard International. 801 Brickell is home to a stellar roster of tenants in key industries such as financial services, aviation, real estate and insurance services. The tower’s newest amenity will be the addition of landmark Asian-fusion restaurant China Grill, set to open later this year.
“801 Brickell provides South Florida companies with centrally located office space that has been recognized for its energy efficiency,” said Mark Yacovetta, TIAA-CREF director of global real estate.
The 28-story, 415,000-square-foot tower is the recipient of the 2012/2013 BOMA Miami-Dade Outstanding Building of the Year award in the Earth category. The tower is also LEED-EB Silver rated and Energy Star labeled.