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CP Group Announces Five New Leasing Agreements For 32,000 SF Office Space At One Biscayne Tower Downtown Miami

Property Image
LEASED
$63
Tony Jones
Ryan Holtzman
+ 5

Florida

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Office32,000 SF
Leased 05/08/2023
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Property Image
LEASED

CP Group Announces Five New Leasing Agreements For 32,000 SF Office Space At One Biscayne Tower Downtown Miami

2 S Biscayne Blvd Miami, FL 33131, USA

See Similar Deals
Office32,000 SF
Leased 05/08/2023
Tony Jones
Ryan Holtzman
+ 5
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$63
Total Square Footage:32,000 SF
Transaction Type:Lease

CP Group, Florida's largest office landlord, has announced five new leasing agreements totaling over 32,000 square feet at One Biscayne Tower, a Class A office tower in Downtown Miami. The tower is currently undergoing a multi-million-dollar capital improvement project, which includes a complete exterior makeover and upgrades to the lobby, tenant floors, and the addition of a high-end café and a new restaurant.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 2 South Biscayne Boulevard
  • Market: Downtown Miami

CP Group is the landlord of the property, while Fundkite, Telecom Italia Sparkle, Taylor English, Applied Value, and Valley Forge Capital Management are the tenants. The leasing agreements were facilitated by Brian Gale, Andrew Trench, Ryan Holtzman, and Lena Weeks from Cushman & Wakefield, who represented the landlord. Adam Talbot from Cresa and Tony Jones from Cushman & Wakefield represented the tenants, along with Christopher Harak from Blanca and Shay Pope from CBRE.

Players

Brian Gale
16 deals$389M volume
BROKER

Andrew Trench
Cushman & Wakefield
15 deals$299M volume
BROKER

Ryan Holtzman
Cushman & Wakefield
14 deals$90M volume
BROKER

Tony Jones
Cushman & Wakefield
12 deals
BROKER


Adam Talbot
Cresa
7 deals$15M volume
BROKER

Lena Weeks
Cushman & Wakefield
2 deals
BROKER


LANDLORD

Details

LEASED
IMAGE: Ryan Holtzman, Brian Gale, Andrew Trench & Lena Weeks DATE: 05/08/2023 ADDRESS: 2 South Biscayne Boulevard MARKET: Downtown Miami ASSET TYPE: Office LANDLORD: CP Group TENANT: Fundkite, Telecom Italia Sparkle, Taylor English, Applied Value & Valley Forge Capital Management LANDLORD'S REP: Brian Gale, Andrew Trench, Ryan Holtzman & Lena Weeks - Cushman & Wakefield TENANT'S REP: Adam Talbot - Cresa; Tony Jones - Cushman & Wakefield; Christopher Harak - Blanca; Shay Pope - CBRE ASKING RENT: $63/ft. ~ SF: 32,000 NOTE: CP Group, Florida's largest office landlord, has announced five new leasing agreements totaling over 32,000 square feet at One Biscayne Tower, a Class A office tower in Downtown Miami. The tower is currently undergoing a multi-million-dollar capital improvement project, which includes a complete exterior makeover and upgrades to the lobby, tenant floors, and the addition of a high-end café and a new restaurant.

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Deal Type
Effective Rent (Annual)

$2,311,118.07

Total Lease Value

$23,111,180.69

Net Landlord Cash Flow$2,311,118.07