Ben Kohn's PLBY Group Leases 20,000 Square Foot Office In Miami Beach From Robert Rivani

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.