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1441 Brickell Avenue

HSBC Leases Office Space At Four Seasons Tower Miami
LEASEDOffice

HSBC Leases Office Space At Four Seasons Tower Miami

1441 Brickell Avenue

$95

$95/SF

Building Size

21,000 SF

Asset Type

Office

Closing

Jan 3, 2024

AI

The Four Seasons Tower in Miami, located at 1441 Brickell Avenue, has been leased by HSBC. This office space spans 21,000 square feet and was leased at an asking rent of $95 per square foot. The lease transaction was facilitated by CBRE, with Barbara Liberatore Black and William Morrison representing HSBC as the tenant's representatives. On the other hand, Gordon Messinger from CBRE acted as the landlord's representative for Millennium Partners.

Summary of transaction details:

The leasing arrangement between HSBC and Millennium Partners showcases the collaboration between CBRE, as the tenant's representatives and the landlord's representatives. This deal solidifies HSBC's presence in Miami's office market, allowing them to operate from the prestigious Four Seasons Tower on Brickell Avenue.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
HSBC
HSBC Lender
HSBC
HSBC Tenant

Miami 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

166978.95%

Cash-on-Cash

-47723.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93