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

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LEASED
Stephen Rutchik
Clay Sidner
+ 6

Florida

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Office44,700 SF
Leased 02/24/2025
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Property Image
LEASED

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

801 Brickell Avenue

See Similar Deals
Office44,700 SF
Leased 02/24/2025
Stephen Rutchik
Clay Sidner
+ 6
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:44,700 SF
Transaction Type:Lease

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.

Players

Jeremy Hakala
17 deals$144.5M volume
BROKER

Clay Sidner
Newmark
13 deals$144.5M volume
BROKER

Stephen Rutchik
Colliers
25 deals
BROKER

Tom Farmer
Colliers
13 deals
BROKER





Blanca Commercial Real Estate
BROKERAGE

7 deals$368.3M volume
LANDLORD



Details

LEASED
IMAGE: Alex Marquez, Thomas Haughton, Adam Cortese, Merrill Carr, Jeremy Hakala, Clarissa Willis, Clay Sidner, Tom Farmer, Stephen Rutchik, Brandon Huffman, Roy March, Glenn Fogel, Yaki Faitelson, Reynaldo Roisenvit Grancelli, Michael A. Weinstock, Patrick Mcmahon & Lou Serafini Jr. DATE: 02/24/2025 ADDRESS: 801 Brickell Avenue MARKET: Miami ASSET TYPE: Office ~ SF: 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 (@EastdilSecured); Reynaldo Roisenvit Grancelli - Inteligo Bank; Patrick Mcmahon - MKP Capital Management; Glenn Fogel - Booking.com; Adam Cortese - Sun Africa LANDLORD'S REP: Stephen Rutchik & Tom Farmer - Colliers (@ColliersInternational) TENANT'S REP: Alex Marquez - Blanca Commercial Real Estate (@Blancacre); Clarissa Willis, Merrill Carr & Thomas Haughton - CBRE (@CBRE); Clay Sidner & Jeremy Hakala - Newmark (@Newmark) NOTE: Monarch Alternative Capital and Tourmaline Capital Partners secured five new leases and two renewals at 801 Brickell Avenue, with Varonis (17,900 SF, broker: Clay Sidner of Newmark) signing the largest deal. Other tenants include Fengate Capital (8,700 SF, broker: Merrill Carr of CBRE), Eastdil Secured (6,200 SF, broker: Alex Marquez of Blanca Commercial Real Estate), Inteligo Bank (2,500 SF, broker: Tom Haughton of CBRE), and MKP Capital (2,100 SF), while Booking.com (4,800 SF, broker: Clarissa Willis of CBRE) and Sun Africa (2,500 SF, broker: Jeremy Hakala of Newmark) renewed their leases; Stephen Rutchik and Tom Farmer of Colliers represented the landlords.

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Deal Type
Effective Rent (Annual)

$2,562,177.03

Total Lease Value

$25,621,770.26

Net Landlord Cash Flow$2,562,177.03