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National Union Fire Insurance Company Renews Lease At 701 Brickell Avenue Represented By Colliers And Cushman & Wakefield

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LEASED
Ryan Holtzman
Andrew Trench
+ 2

Florida

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Office13,350 SF
Leased 10/07/2024
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Property Image
LEASED

National Union Fire Insurance Company Renews Lease At 701 Brickell Avenue Represented By Colliers And Cushman & Wakefield

701 Brickell Avenue

See Similar Deals
Office13,350 SF
Leased 10/07/2024
Ryan Holtzman
Andrew Trench
+ 2
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:13,350 SF
Transaction Type:Lease

The property involved in this transaction is an office space located at 701 Brickell Avenue, Miami, with a total area of 13,350 square feet. The asset is under the ownership of Nuveen Real Estate and houses National Union Fire Insurance Company as a tenant. The market value reflects the importance of the Brickell area as a central hub for insurance firms.

Summary of transaction details:

This transaction highlights key individuals and firms involved in the lease agreement. National Union Fire Insurance Company, a subsidiary of AIG, has renewed its lease with the representation of Stephen Rutchik from Colliers for the tenant side, while the landlord, Nuveen Real Estate, was represented by the team from Cushman & Wakefield, including Andrew Trench, Brian Gale, Edward Quinon, and Ryan Holtzman.

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

Stephen Rutchik
Colliers
25 deals
BROKER

Edward Quinon
Cushman & Wakefield
4 deals$74M volume
BROKER

Details

LEASED
IMAGE: Stephen Rutchik, Andrew Trench, Brian Gale, Ryan Holtzman & Edward Quinon DATE: 10/07/2024 ADDRESS: 701 Brickell Avenue MARKET: Miami ASSET TYPE: Office ~ SF: 13,350 LANDLORD: Nuveen Real Estate (@Nuveeninv) TENANT: National Union Fire Insurance Company LANDLORD'S REP: Andrew Trench, Brian Gale, Edward Quinon & Ryan Holtzman - Cushman & Wakefield (@CushWake) TENANT'S REP: Stephen Rutchik - Colliers (@ColliersInternational) NOTE: National Union Fire Insurance Company, a subsidiary of AIG, renewed its 13,350-square-foot lease at 701 Brickell Avenue, further cementing Brickell's position as a hub for insurance firms. Colliers and Cushman & Wakefield represented the tenant and landlord, respectively, in the deal with Nuveen Real Estate.

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Deal Type
Effective Rent (Annual)

$765,213.94

Total Lease Value

$7,652,139.44

Net Landlord Cash Flow$765,213.94