CP Group Leases 38,731 SF Office Space At Citigroup Center In Miami
201 S Biscayne Blvd
Building Size
38,731 SF
Asset Type
Office
Closing
Nov 30, 2023
AI
The CP Group has finalized leasing deals totaling 38,731 square feet at the 34-story Citigroup Center in downtown Miami. The transactions include six new tenants and two renewals. The property, located at 201 South Biscayne Boulevard, offers a newly renovated lobby, café, valet service program, and health and wellness initiatives for tenants.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Market: Miami
- Address: 201 South Biscayne Boulevard
- Size: 38,731 square feet
The tenants involved in the leasing deals are Trion Properties represented by Max Sharkansky, Lithium Capital Management, Kili Topco Ltd, Marex Solutions, Pisec Group represented by Karl Pisec, and the Miami Downtown Development Authority. The leasing transactions were facilitated by Douglas Okun, Madeline Fine, and Steven Hurwitz from JLL.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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