JLL Inks 2013's Largest Brickell Office Lease

MIAMI—In the largest office deal signed in Brickell this year, Royal Bank of Canada has renewed a lease. The office lease, which spans 65,009 square feet, grows the bank's footprint and business lines by 10,209 square feet in the building. Financial terms of the transactions were not disclosed.

801 Brickell is on a leasing streak. In the first six months of 2013, Jones Lang LaSalle, which represents the class A trophy tower, has inked 12 renewals, expansions and new leases. JLL drove up occupancy from 85% to 95% leased.  

“801 Brickell provides South Florida companies with centrally located office space that has been recognized for its energy efficiency,” says Mark Yacovetta, director of global real estate at TIAA-CREF, the building's owner. JLL senior vice presidents Stephen Rutchik and Jonathan Kingsley exclusively represent the owner. JLL also manages the office building.

The rush of leasing activity this year is in line with a capital improvement initiatives at the tower. New tenants include CGI Merchant Group, Greytown Advisors, and Skyline Equities. Two long-standing tenants, Banco Colpatria and PartnerRe, extended their leases. In addition to Royal Bank of Canada, six other existing tenants renewed and expanded their presence: Bolton Capital, Criteria Group, Gensler, LOGS Group, Lufthansa, and MasterCard International.

The 28-story, 415,000-square-foot tower is the recipient of the 2012/2013 BOMA Miami-Dade Outstanding Building of the Year award in the Earth category. The tower is also LEED-EB Silver rated and Energy Star labeled, and features a two-story atrium and floor-to-ceiling windows on most elevations offering panoramic views of Brickell Key, Biscayne Bay, and the City of Miami.