Monarch Alternative Capital And Tourmaline Capital Partners Secure New Leases At 801 Brickell Avenue

The property asset involved in the transaction is an office space located at 801 Brickell Avenue in the Miami market. The total square footage of the asset is 44,700. Monarch Alternative Capital and Tourmaline Capital Partners were involved in securing this lease agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 801 Brickell Avenue
• Market: Miami
• Square Footage: 44,700
• Landlord: Michael A. Weinstock - Monarch Alternative Capital; Brandon Huffman - Tourmaline Capital Partners
• Tenant: Yaki Faitelson - Varonis; Lou Serafini Jr. - Fengate Capital; Roy March - Eastdil Secured; Reynaldo Roisenvit Grancelli - Inteligo Bank; Patrick Mcmahon - MKP Capital Management; Glenn Fogel - Booking.com; Adam Cortese - Sun Africa
• Landlord's Representative: Stephen Rutchik & Tom Farmer - Colliers
• Tenant's Representatives: Alex Marquez - Blanca Commercial Real Estate; Clarissa Willis, Merrill Carr & Thomas Haughton - CBRE; Clay Sidner & Jeremy Hakala - Newmark

In this transaction, Varonis signed a lease for 17,900 square feet, represented by Clay Sidner of Newmark, marking the largest deal among the new leases. Other notable tenants included Fengate Capital, signing for 8,700 square feet with representation from Merrill Carr of CBRE, Eastdil Secured at 6,200 square feet with Alex Marquez of Blanca Commercial Real Estate, and Inteligo Bank at 2,500 square feet represented by Tom Haughton of CBRE. Additionally, MKP Capital signed for 2,100 square feet, while Booking.com and Sun Africa renewed their leases for 4,800 square feet and 2,500 square feet, respectively.

NOTE: Monarch Alternative Capital and Tourmaline Capital Partners secured five new leases and two renewals at 801 Brickell Avenue.