Law firm Kirkland & Ellis is opening its first Miami office, joining a rush of professional-services companies expanding in the region to cater to a growing roster of finance and technology tenants.
Kirkland & Ellis signed a lease for 115,000 square feet across six floors at 830 Brickell, a new office development that has attracted the likes of
Cushman & Wakefield Plc represented the landlords in the deal. Newmark Group and CBRE Group Inc. represented the tenant.
“This is the largest, most valuable lease, when you look at square footage coupled with the rent that we’re getting on the building,” said Brian Gale, a vice chairman at Cushman and Wakefield. “It really just shows higher demand.”
Rents at 830 Brickell range from $125 to $150 a square foot, higher than the average New York asking rate of $81 a square foot, according to third-quarter data from Jones Lang LaSalle Inc. Amenities at the building include a health and wellness center, outdoor terrace and a rooftop bar and restaurant with views of the Biscayne Bay.
Major finance, law and tech firms have relocated or expanded to the Miami area in the past two years, drawn to the business-friendly environment, warmer weather and talent pool. Citadel earlier this year announced it’s relocating its
In turn, legal, accounting and communications companies have been seeking space in the region to serve clients there. Law firms Sidley Austin and Winston & Strawn also have
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Christine Maurus
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