Restaurant Brands International Leases 43000 Square Feet Office From L'Oréal In Miami
6100 Waterford District Dr
Building Size
43,000 SF
Asset Type
Office
Closing
Jan 6, 2026
AI
The property asset involved in the transaction is an office space totaling 43,000 square feet located at 6100 Waterford District Drive in Miami. The asset is part of a growing office market, specifically situated in an area where demand is increasing. The property was leased by Restaurant Brands International from L’Oréal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 43,000
- Address: 6100 Waterford District Dr
- Market: Miami
- Landlord: Nicolas Hieronimus - L'Oréal
- Tenant: Joshua Kobza - Restaurant Brands International
- Landlord's Representative: Ryan Levy & Iker Belauste - JLL
- Tenant's Representative: Jake Freeman & Jonathan Kingsley - Colliers
This lease represents one of the largest transactions in the Miami airport submarket during Q4 2025, facilitating dedicated space for key operations of Burger King and Popeyes. The transaction highlights the strategic expansion of Restaurant Brands International in proximity to its existing corporate headquarters.
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