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2850 Tigertail Avenue

Brevan Howard Leases 7,000 Square Feet Office Space At 2850 Tigertail Avenue In Coconut Grove
LEASEDOffice

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:

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

Andrew Trench

Cushman & Wakefield

Broker

$299M

vol

15 deals

Broker
Jorge Pérez

Jorge Pérez

Related Group

Landlord

$2.2B

vol

29 deals

Landlord

Aron Landy

Brevan Howard

Tenant
Tenant

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