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19505 Biscayne Boulevard

Updated Oct 13, 2026

Palantir Technologies Leases Office Space In Aventura From Landlords Jackie Soffer And David Simon
LEASEDOffice

Palantir Technologies Leases Office Space In Aventura From Landlords Jackie Soffer And David Simon

19505 Biscayne Boulevard

Building Size

—

Asset Type

Office

Closing

Feb 17, 2026

About this deal

AI

The property asset involved in this transaction is an office space located at 19505 Biscayne Boulevard in Aventura, Florida. The address hosts Industrious, which serves as the new location for Palantir Technologies' headquarters. The office space facilitates Palantir's operations and contributes to the company's expansion in South Florida.

Summary of transaction details:

The deal includes key individuals such as Peter Thiel and Alex Karp representing Palantir Technologies, which has officially relocated its headquarters from Denver, Colorado, to Miami, Florida. This move places Miami as Palantir's principal executive office, highlighting the firm's shift toward a location seen as a growing innovation hub in the tech industry.

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Players

David Simon

Simon Property Group

Landlord

$6B

vol

15 deals

Landlord

Peter Thiel

Tenant

$18M

vol

9 deals

Tenant
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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