Holland & Knight Renews Lease At 701 Brickell Avenue In Miami
701 Brickell Ave Miami, FL 33131, USA
$110
$110/SF
Building Size
121,032 SF
Asset Type
Office
Closing
Jun 21, 2023
AI
Holland & Knight has renewed its lease at 701 Brickell Avenue in Miami, marking the law firm's continued presence at this location since 1992. The office space, totaling 121,032 square feet, is situated in the bustling Brickell market, which attracts both established firms and new financial giants. The property is owned by Nuveen Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 701 Brickell Avenue
- Market: Miami
- Tenant: Holland & Knight
- Tenant's Representative: Todd Lippman & Shay Pope - CBRE
- Landlord: Nuveen Real Estate
- Landlord's Representative: Brian Gale & Edward Quinon - Cushman & Wakefield
- Asking Rent: $110/ft.
The lease renewal agreement was facilitated by CBRE's Todd Lippman and Shay Pope, who represented Holland & Knight in the transaction. On the other side, Cushman & Wakefield's Brian Gale and Edward Quinon acted as the representatives for Nuveen Real Estate, the property's landlord. While no additional financial details were disclosed, the agreement underscores the appeal of the Brickell market and its ability to retain prestigious tenants.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93