Tenant Demand Soars As Colliers Ramps Up Leasing Activity At Trophy Office Tower In Brickell

As Brickell continues to evolve into a premier global hub for business, tenant interest surges in the area as the continued “flight to quality” migration fuels demand for Class A office space in the submarket. Brickell’s thriving community continues to attract firms valuing the synergy of location, panoramic bay/city views, and exceptional amenities, resulting in a surge of leasing activity at the trophy office tower, 801 Brickell, after executing four new leases and one renewal.

Vice Chair Stephen Rutchik and Vice President Tom Farmer negotiated the renewal of Puente Servicios Financieros, LLC., a global investment banking company for 2,844 square feet. The modern-manicure franchise, GLOSSLAB, signed a lease for 861 square feet, establishing its first location in Brickell. Belcorp, a multinational beauty corporation, signed a lease for 7,730 square feet, drawn by the building’s prestige and recent multi-million-dollar renovation. The landmark building also welcomed global aviation leader Aercap after signing a full-floor lease. The Washington-based law firm Venable LLP embraced the property’s location, views, and amenities, leasing a 17,900-square-foot suite.

“801 Brickell’s unwavering commitment to enhancing the tenant experience has positioned the trophy building as the foremost choice in the market,” said Rutchik. “The property’s pursuit of excellence is illustrated by the diverse range of tenants who have chosen it as their ideal workspace, further solidifying its status as a sought-after office destination.”

801 Brickell is an iconic, 28-story office tower located in the heart of Miami’s financial district. Comprising 415,000 square feet, the architecturally distinct building provides walkable access to world-class hotels, residences, dining, and shopping. Home to Groot Hospitality’s Komodo Miami, the landmark property features unparalleled amenities, including panoramic views and a newly renovated tenant lounge, conference center, and state-of-the-art fitness center. In July, the property welcomed LeverX, an international IT company, after leasing 3,876 square feet, and investment firm Selvatra renewed its 1,990-square-foot space. The property boasts a stellar tenant roster, including Royal Bank of Canada and MasterCard after welcoming Novo Platform Inc. and Banco Master earlier this year.

Puente Servicios Financieros is a global investment banking company that generates investment and financing solutions for individuals, families, companies, and institutions. The firm offers expertise and coverage globally with deep knowledge and experience in Latin America. The firm was represented by Gonzalo Rioja of Stone Miller in the transaction.

Founded by Rachel Apfel Glass, GLOSSLAB focuses on modernizing the manicure by implementing technology-enhanced services and performance-based products to provide a membership-based experience that’s hygienic, waterless, and efficient. Comras Company’s Michael Silverman represented the nail studio chain in the deal.

Global beauty conglomerate Belcorp is a leader in beauty and personal care with 50 years of experience in direct sales. The corporation operates in 14 countries and employs over 7,500 professionals with a network of more than 800,000 independent beauty consultants. Ana Paula of Colliers represented Belcorp in the negotiating the lease.

Aercap is a global leader across all areas of aviation leasing, with one of the most attractive portfolios in the industry. The company is based in Dublin and serves 300 clients globally with comprehensive fleet solutions. Keith Edelman and Scott Goldstein of CBRE represented Aercap in the transaction.

Venable LLP is a law firm that serves as primary counsel to a worldwide clientele of large and mid-sized organizations, nonprofits, high-net-worth entrepreneurs, and more. The firm has more than 850 professionals nationwide while strategically advancing its client’s objectives in the United States and around the globe. Cushman & Wakefield’s Matthew Cheezem represented the law firm in the lease.

Strategically situated steps away from Brickell City Centre and Mary Brickell Village, 801 Brickell offers tenants unbeatable accessibility to major transportation hubs, renowned dining establishments, and world-class shopping, making it the perfect setting for fostering business growth and attracting top talent. Brickell’s Class A office experience extends beyond the prime location and breathtaking views, to include state-of-the-art fitness centers, premium concierge services, and amenities designed to elevate the workplace. In the third quarter of 2023, the Brickell Class A vacancy rate stands at 11.9 percent, 430 basis points lower than the Miami-Dade County average at 16.2 percent. Recent leasing activity exemplifies the growing trend, highlighting the significance of quality space, strategic location, and luxury amenities in today’s office market.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.