Canadian asset and wealth management firm CI Financial Corp. recently announced that it would be doubling its planned footprint in the office tower at 830 Brickell Plaza in Miami. A Cushman & Wakefield team of Brian Gale, Ryan Holtzman and Andrew Trench worked on behalf of the property owner, while Donna Abood and Mark Robbins of Avison Young represented the tenant.
CI Financial previously signed a lease for 20,000 square feet of office space on the tower’s 48th floor. The initial deal, closed last year, included an office lease expansion option for an additional 45,000 square feet. As a result, the corporation has chosen to expand its future U.S. headquarters with an additional floor, occupying a total of approximately 40,000 square feet of premium Miami office space for rent.
According to the public statement of lease, this news further solidifies 830 Brickell as a destination of choice for financial, professional services, and global firms looking to either establish or grow their presence in South Florida. Indeed, notable tenants on the roster at 830 Brickell include global tech company Microsoft — which signed a 50,000-square-foot lease for its Latin American regional headquarters — and private equity firm Thoma Bravo, which recently announced plans for a 36,500-square-foot office in the building.
“830 Brickell already enjoys a reputation as Miami’s most desirable and best located trophy office tower, and CI Financial’s commitment to expand its space at the building reinforces the confidence we’ve seen from high-end office users and global businesses seeking a location in South Florida,” said Vlad Doronin, chairman and CEO of OKO Group. “Our team has drawn from our collective experience in the luxury hospitality industry to bring five-star-hotel-inspired features, amenities and services to 830 Brickell that have lured top-tier companies looking for a best-in-class, urban setting in Brickell’s prestigious financial district.”
The 55-story tower is still under construction. Developers OKO Group and Cain International estimate that the project will be completed later this year. Designed by architecture firm Adrian Smith + Gordon Gill, and with interiors by Italian architecture and design company Iosa Ghini Associati, the building incorporates top-of-the-line wellness features and technologies, such as ultraviolet technology in air filtration, ventilation, and water purification systems, as well as touch-free fixtures and contactless entry/exit points.
On-site amenities are also slated to include a rooftop bar and lounge with a five-star restaurant that’s positioned to showcase expansive views of Miami and Biscayne Bay; a world-class health and wellness center; conference facilities; an outdoor terrace; cafés; and street-level retail.
“With its unparalleled workplace experience, prime location and trophy stature, 830 Brickell continues to reaffirm its position as the preeminent office building in the South Florida market,” said Jonathan Goldstein, co-founder and CEO of Cain International. “Its success reinforces our global investment thesis of combining hospitality, amenities, services and experience to create the best destinations in the world. We remain extremely confident in Miami’s future and the role that premium office assets will play in its expansion into a global gateway city.”
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