Miami's 1450 Brickell Office Tower Eclipses 91% Occupancy Just Two Years Since Opening

Miami’s premier Class A office tower has reached 91% occupancy just two years after opening its doors, with half of the building’s tenants being new additions to the South Florida market. Rilea Group’s 1450 Brickell office tower, which opened in spring 2010, achieved the 91% occupancy mark upon completing four new office leases totaling 55,300 square feet of office space. The building has leased a total of 530,000 square feet to date.

The building’s ownership finalized leases with accounting firm Morrison, Brown, Argiz & Farra; independent international shopping community Lyoness America, Inc.; and holding company Miami International Holdings. In addition, a lease expansion was signed with the Bilzin Sumberg law firm, which was the tower’s first tenant.

All told, 1450 Brickell has completed 23 leases with new-to-market users, accounting for 49% of the building’s current tenant roster and reflecting Miami’s growing prominence as a global business hub. In the newest batch of leases, Lyoness America and Miami International Holdings are new-to-market tenants, meaning their leases will result in positive absorption for the Downtown Miami/Brickell office market.

“1450 Brickell is quickly emerging as the ‘go-to’ address for international tenants looking to establish a presence in Florida and the U.S.,” said Rilea Group CEO Alan Ojeda. “At the same time, the tower is a gathering place for Miami’s business and civic community. In the past year, we have hosted First Lady Laura Bush, US Senator Mel Martinez, JP Morgan Chase CEO Jamie Dimon, University of Miami President Donna Shalala, investor Sam Zell, and others. 1450 Brickell is where business gets done in Miami.”

The new slate of leases at 1450 Brickell continues a steady string of transactions that have seen the tower attract top-tier tenants, including JPMorgan Chase, American Express, H.J. Heinz Company, BBVA Compass, BNY/Mellon, Swiss Re America, H.I.G Capital, Holiday Fenoglio Fowler (HFF), City National Bank, Longchamp USA, and. law firm Berger Singerman.

“1450 Brickell has been particularly successful in attracting premium tenants from outside the market,” said Tere Blanca, president and CEO of Blanca Commercial Real Estate, the building’s exclusive leasing agent. “Of the 47 tenants we’ve signed to date, nearly half are new to the South Florida area. 1450 Brickell’s ability to draw top tier, new to market tenants solidifies the building’s standing as a bellwether of Miami’s emergence as one of the top business destinations in the Americas.”

Among the key factors driving interest in 1450 Brickell is the building’s convenient location within walking distance of dozens of retail businesses, restaurants, office buildings, residential towers and high-end hotels. 1450 Brickell is also just blocks away from several public transit options with stops throughout Downtown Miami, including the Metromover and Metrorail systems ¬– as well as the newly-launched AirportLink, a 2.4-mile extension of the Metrorail system which connects directly to Miami International Airport.

1450 Brickell also stands out for its modern design features, LEED Gold certification and superior construction quality. The building is fabricated with above code large-missile impact glass from top-to-bottom, making its exterior curtain wall window system one of the strongest in the nation. The tower also sports an above code backup generator that can power tenants’ basic electric needs during outages.

“1450 Brickell stands alone in Miami’s class A market for its strong ownership team, accessible location, stunning views and top-quality construction and design,” said Danet Linares, executive vice president of Blanca Commercial Real Estate. “In addition, prominent users attract other prominent users, evidenced by our tenant roster. In just twenty-four months, we’ve managed to lease 90 percent of the building to a diverse mix of major corporations and mid-sized companies – a track record that points to the building’s appeal to office users of all sizes and demonstrates that premium office space in Miami’s urban core is in-demand.”

Designed by Miami-based architectural firm Nichols Brosch Wurst Wolfe & Associates and constructed by Coastal Construction, 1450 Brickell offers panoramic views of Biscayne Bay, Brickell Avenue and the City of Miami, with floor-to-ceiling windows and wide-open floor pates ranging in size from 24,000 square feet to 25,600 square feet, maximizing the flow of natural light throughout tenant areas. The building also boasts top-of-the-line finishes and state-of-the-art technology, including access to FPL FiberNet’s fiber-optic network which provides direct internet connectivity to the NAP of the Americas.

Tere Blanca and Danet Linares of Blanca Commercial Real Estate represented landlord 1450 Brickell, LLC and Rilea Group in the transactions; Barbara Liberatore Black and Matthew Goodman of CresaPartners represented Morrison, Brown, Argiz & Farra and Bilzin Sumberg; Ilan Neuwirth of Rent One Sale One Realty represented Lyoness America; and Jeb Bush, Jr. of Jeb Bush and Associates, LLC represented Miami International Holdings.

To learn more, please visit www.1450Brickell.com. For leasing information, contact Tere Blanca or Danet Linares of Blanca Commercial Real Estate at (305) 577-8850.

About Blanca Commercial Real Estate
Blanca Commercial Real Estate provides brokerage and advisory services to owners and users of commercial real estate with personalized and experienced counsel at every step of the transaction. Practice areas include landlord representation, tenant representation, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, please visit www.blancacre.com.

Blanca Commerical Real Estate
1450 Brickell Avenue, Suite 1460
(305) 577-8850

Press Contact:
Allie Schwartz
Schwartz Media Strategies
1101 Brickell Avenue, Suite 1402
Miami, FL 33131
(305) 858-3935
allie@schwartz-media.com

This release was published on openPR.