Law Firm Inks One Of Miami’s Largest Office Leases Of The Year For First Miami Location

Law firm Kirkland & Ellis has signed one of Miami’s largest office leases of the year, taking 115,000 square feet across six floors at 830 Brickell.

The deal completes leasing at the 55-story office tower, which is being developed by OKO Group and Cain International, and is the only new office tower of its kind in the city. The Kirkland & Ellis lease is also the largest in the 638,355-square-foot building.

Roughly 90 percent of the tenants at the property are new to the Miami market, according to the developers.

As the first office tower to be built in over a decade in Miami, 830 Brickell has commanded rents above $120 per square foot, far above the city’s average.

Kirkland & Ellis also has offices in Chicago and New York, and is the largest law firm in the country by revenue.

Cushman & Wakefield’s Brian Gale, Ryan Holtzman and Andrew Trench represented 830 Brickell’s ownership. Kirkland & Ellis was represented by Neil Goldmacher, Mitchell Millowitz and Ryan Rosalsky of Newmark, and Kevin Kushner of CBRE.

 

Source:  Commercial Observer