Brevan Howard Leases 7,000 Square Feet Office Space At 2850 Tigertail Avenue In Coconut Grove
2850 Tigertail Avenue
Building Size
7,000 SF
Asset Type
Office
Closing
Jul 17, 2026
AI
The property asset involved in this transaction is an office space located at 2850 Tigertail Avenue in Coconut Grove, FL. This modern office building, constructed in 2021, offers a total square footage of 7,000. It is part of a growing market that has seen increased interest from financial firms relocating to South Florida.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2850 Tigertail Avenue
- Market: Coconut Grove, FL
- Landlord: Jon Paul Pérez, Jorge Pérez & Nicholas Pérez - Related Group
- Tenant: Aron Landy - Brevan Howard
- Landlord's Representative: Andrew Trench - Cushman & Wakefield
- Tenant's Representative: Dan Posy & Ryan Levy - JLL
This transaction signifies Brevan Howard's expansion as it secures its first office in Miami, reflecting the growing trend of hedge funds establishing a presence in the region. The leasing of this nearly 7,000-square-foot space indicates a strategic move to tap into the flourishing financial landscape of South Florida.
Players
Avenue 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93