The property involved in this transaction is located at 1691 Washington Avenue in Miami Beach. It is an office asset measuring 20,000 square feet. The building has undergone a $100 million renovation, making it a modern space for business operations.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Lease Term: 10-year
• Landlord: Robert Rivani - Black Lion
• Tenant: Ben Kohn - PLBY Group - Playboy
• Landlord's Representative: Jeremy Hakala - Newmark
• Tenant's Representative: Tony Jones - Cushman & Wakefield

This lease entails Playboy relocating its 300-employee headquarters from Los Angeles to Miami Beach, with plans for a content studio and a new members-only Playboy Club. The transition aligns with the brand's focus on licensing, which contributed significantly to its revenue in Q2.