1450 Brickell Reaches 73% Occupancy With New Leases

Nov 20, 2011 No Comments by

1450 Brickell Avenue has finalized leases with Spanish banking institution BBVA Compass, a subsidiary of Banco Bilbao Vizcaya Argentaria; Gentrust Wealth Management; and Forrestal Capital Limited, a wealth management and M&A advisory firm specializing in Latin America.

The new leases account for about 23,300 square feet of office space, bringing 1450 Brickell’s total leased space to 73 percent with 36 tenants. BBVA’s lease at 1450 Brickell represents a 6,652 square foot expansion of the company’s original 8,450 square foot lease at the building earlier this year. Financial terms of the agreements were not disclosed.

Tere Blanca and Danet Linares of Blanca Commercial Real Estate represented landlord 1450 Brickell, LLC and Rilea Group in the transactions, while Kim Colquitt of JLL represented BBVA Compass, Mark Goldstein of Continental Real Estate Companies (CREC) represented Forrestal Capital and Oscar Arellano of Fortune International represented Gentrust Wealth Management.

The new batch of leases at 1450 Brickell continues a steady string of transactions that have seen the tower attract the Miami office market’s top-tier tenants, including American Express, law firms Bilzin Sumberg and Berger Singerman, commercial real estate services firm Holiday Fenoglio Fowler (HFF), insurance firm Willis of Florida, JP Morgan Chase, City National Bank, BNY/Mellon, executive search firm Korn/Ferry International, private investment firm H.I.G. Capital, Spanish financial institutions Bancaja, Caja Madrid, Banca Mora,  law firm Ratzan & Rubio, Kempler & Co., Inc., and investment banking firm BroadSpan Capital.

About a quarter of 1450 Brickell’s office space remains available for lease, according to Danet Linares, Executive Vice President of Blanca Commercial Real Estate. “1450 Brickell has enjoyed commercial success in the twenty months that have passed since opening its doors to tenants. We attribute this to the building’s superior location on Brickell Avenue, exceptional design and construction quality, strong ownership, and its tenant roster, which continues to draw premium firms from around the world.”

1450 Brickell stands out for its LEED Gold certification and superior construction quality. The building is fabricated with above code large-missile impact glass from top-to-bottom, making its exterior curtain wall window system one of the nation’s strongest. The tower also sports an above code backup generator that can power tenants’ basic electrical needs during outages and offers tenants a sound technology infrastructure including FPL Fibernet which allows for connection to the NAP of the Americas.

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Industry News, Miami-Dade County Office, NA, Office
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