facebook
Traded Co logo
Submit
Daily limit: 0/10

CP Group & Monarch Alternative Capital Lease Office Space To Larch Capital Partners, Bazbaz Development, And Strategic Hotel Funding LLC - JLL & CBRE Represent

Property Image
LEASED
$62
Randy Carballo
Steven Hurwitz
+ 3

Florida

See Similar Deals
Office47,169 SF
Leased 05/23/2023
the dealplayerscompscontact
Property Image
LEASED

CP Group & Monarch Alternative Capital Lease Office Space To Larch Capital Partners, Bazbaz Development, And Strategic Hotel Funding LLC - JLL & CBRE Represent

201 S Biscayne Blvd Miami, FL 33132, USA

See Similar Deals
Office47,169 SF
Leased 05/23/2023
Randy Carballo
Steven Hurwitz
+ 3
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$62
Total Square Footage:47,169 SF
Transaction Type:Lease

The Citigroup Center in downtown Miami has seen over 50,000 square feet of office leasing activity, according to CP Group and Monarch Alternative Capital. The leases include agreements with Larch Capital Partners, Bazbaz Development, Strategic Hotel Funding LLC, and an undisclosed tenant. JLL and CBRE served as the representatives for the respective parties involved in these leasing deals. The property, located at 201 South Biscayne Boulevard, offers approximately 47,169 square feet of office space. The asking rent for the space is $62 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 201 South Biscayne Boulevard
  • Market: Miami
  • Landlord: CP Group & Monarch Alternative Capital
  • Tenant: Larch Capital Partners, Bazbaz Development, Strategic Hotel Funding LLC
  • Landlord's Representative: Steven Hurwitz, Doug Okun & Madeline Fine - JLL
  • Tenant's Representative: Randy Carballo, Grant Killingsworth & Thomas Haughton - CBRE
  • Asking Rent: $62/ft.
  • Square Footage: 47,169

CP Group and Monarch Alternative Capital facilitated the leasing agreements at the Citigroup Center, with JLL and CBRE providing representation. The notable tenants include Larch Capital Partners, Bazbaz Development, and Strategic Hotel Funding LLC, along with an undisclosed party. With this leasing activity, the Citigroup Center strengthens its position as a prominent hub for office space in downtown Miami.

Players

Steven Hurwitz
5 deals(305) 960-8441
BROKER

Randy Carballo
CBRE
16 deals
BROKER





LANDLORD

Details

LEASED
IMAGE: Doug Okun, Steven Hurwitz & Madeline Fine DATE: 05/23/2023 ADDRESS: 201 South Biscayne Boulevard MARKET: Miami ASSET TYPE: Office LANDLORD: CP Group & Monarch Alternative Capital TENANT: Larch Capital Partners, Bazbaz Development, Strategic Hotel Funding LLC LANDLORD'S REP: Steven Hurwitz, Doug Okun & Madeline Fine - JLL (@JLL) TENANT'S REP: Randy Carballo, Grant Killingsworth & Thomas Haughton - CBRE (@CBRE) ASKING RENT: $62/ft. ~ SF: 47,169 NOTE: CP Group and Monarch Alternative Capital have announced over 50,000 square feet of office leasing activity at Citigroup Center in downtown Miami. The leases include deals with Larch Capital Partners, Bazbaz Development, Strategic Hotel Funding LLC, and an undisclosed tenant, with JLL and CBRE representing the parties involved.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$3,352,586.28

Total Lease Value

$33,525,862.84

Net Landlord Cash Flow$3,352,586.28