Cushman & Wakefield represented landlord Nuveen Real Estate in signing a 121,032-square-foot office lease renewal at 701 Brickell.
The renewal is with American multinational law firm Holland & Knight LLP who will continue occupying their current six floors of office space.
Brian Gale and Edward Quinon of Cushman & Wakefield represented Nuveen Real Estate in the lease negotiations. Holland & Knight LLP was represented by Todd Lippman and Shay Pope of CBRE.
“We’re very pleased to extend our relationship with Holland & Knight LLP at 701 Brickell in Miami. This is a testament to our commitment to providing high-quality workplaces that cater to the evolving needs of our tenants,” said Charles Russo, Senior Director, Head of Southeast – Workplace, Retail & Mixed-Use at Nuveen Real Estate. “In conjunction with a best in class onsite operational team, boots on the ground asset management and recent award-winning renovation, 701 Brickell isn’t just a building; it’s a business community that delivers an optimal work environment, from our energy-efficient design to the superior amenities. We’re excited to continue to build on this momentum as the Brickell submarket continues to outperform from a national office perspective.”
Cushman & Wakefield has been overseeing leasing efforts for 701 Brickell on behalf of Nuveen since April 2019. The office building had a strong year of leasing activity in 2022 with nine lease transactions signed for a total of 71,292 square feet. Currently, the building is 96% occupied.
701 Brickell spans 33 stories and is situated on Brickell Avenue while also fronting Biscayne Bay. The LEED Gold Certified and Energy Star labeled building features efficient floorplans with unbeatable bay views, newly renovated lobby, a conference facility, tenant only fitness center, covered parking accessible from Brickell Avenue or SW 8th St., and various on-site retail establishments including Pura Vida. 701 Brickell is also at the center of Miami’s Brickell financial and tech neighborhood and located near 31 distinct transit routes.
“Securing a lease renewal of this magnitude with Holland & Knight LLP, the largest lease by square footage transacted in Brickell in the last five years, reaffirms the appeal of 701 Brickell as a leading business address in Miami,” said Gale, Vice Chairman, Cushman & Wakefield. “We’re proud to have helped Nuveen maintain a high occupancy rate in this newly renovated trophy asset. Looking forward, we anticipate more good news to come with our collective and ongoing, strategic leasing plan.”
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