The luxury yachting company will occupy the 175,510-square-foot building’s entire 11th floor penthouse accommodating nearly 60 employees.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
CBRE Executive Vice President John Criddle, First Vice President Joe Freitas and Transaction Manager Allie Lancashire signed the lease deals.
The project will accept cryptocurrency as an option for lease payments.
According to CBRE Research, strong leasing was sustained in the first quarter with more than 630,000 square feet in office transactions executed in Broward County.
For the past 33 years, he has operated a successful brokerage and property management company.
The JLL team of Managing Directors Steven Hurwitz and Doug Okun with Associate Madeline Fine will direct leasing activity at the iconic site.
JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
Gordon Messinger, Executive Vice President with CBRE, represented the landlord and developer in the transaction.
The logistics firm will seek a smaller office footprint due to remote work.
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