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Ken Griffin's Citadel Expands To 130,000 SF Office In Miami Deal
LEASED
Florida
See Similar DealsOffice130,000 SF
Leased 06/13/2024
LEASED
Ken Griffin's Citadel Expands To 130,000 SF Office In Miami Deal
830 Brickell Plaza
See Similar DealsOffice130,000 SF
Leased 06/13/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:130,000 SF
Transaction Type:Lease
The office property located at 830 Brickell Plaza in Miami was involved in a lease transaction. The asset spans 130,000 square feet and served as the new headquarters for Citadel, following billionaire Kenneth Griffin's decision to relocate the company from Chicago to Miami.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 830 Brickell Plaza
- Market: Miami
- Landlord: Vlad Doronin - OKO Group; Jonathan Goldstein - Cain International
- Tenant: Ken Griffin - Citadel
- Brokers: Andrew Trench, Brian Gale & Ryan Holtzman - Cushman & Wakefield
Billionaire Kenneth Griffin, the founder of Citadel, made the strategic decision to expand the company's headquarters by moving it to the 830 Brickell tower. The move aimed to accommodate 450 employees by the end of summer, with plans underway for a custom headquarters on Brickell Bay Drive.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,451,521.55
Total Lease Value
$74,515,215.52
Net Landlord Cash Flow$7,451,521.55
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