Rockpoint Group Acquires 1221 Brickell Ave Miami From LaSalle Investment Management For $155M

1221 Brickell is a 408,423-square-foot office tower located at 1221 Brickell Ave, Miami, FL, 33131. It has been sold for $155 million, representing a significant transaction in the Miami market, particularly within the Brickell Financial District.

Summary of transaction details:

• Property Type: Office Tower
• Transaction Amount: $155,000,000.00
• Address: 1221 Brickell Ave, Miami, FL, 33131
• Market: Miami
• Seller: LaSalle Investment Management
• Buyer: Rockpoint Group
• Seller's Representatives: Manny de Zarraga-JLL, Christina Kong-HFF, Ike Ojala-JLL
• Year Built: 1986
• Last Trade Price: $107.2 million in 2006
• Square Footage: 408,423

Representing the seller, the team included Senior Managing Director Hermen Rodriguez, Executive Managing Director Manny de Zarraga, Director Ike Ojala, Associate Director Tracey Good, and Senior Analyst Christina Kong from HFF. The asset features a high-quality tenant roster that includes Lydecker Diaz, Regus, Banco Do Brasil, Safra National Bank of New York, and Clyde & Co. The property holds an Energy Star rating of 86 for the year 2016 and received LEED Gold certification in 2015.