The owners of 830 Brickell secured $565 million in financing ahead of its delivery this fall. The long-term loan, issued by TYKO Capital (TYKO), will pay off the office development’s existing construction loan, which was provided in 2019 by MSD Partners.

The 57-story tower, developed by OKO Group and Cain International, is the first stand-alone Class A+ office tower to be built in Miami’s Brickell Financial District in over a decade. The fully leased building is now receiving its Temporary Certificate of Occupancy in phases, tenants are building out their spaces, and delivery is expected this Fall. 830 Brickell’s ownership was represented by Beatriz Azcuy of Sidley Austin LLP in the transaction. 

At the time of 830 Brickell’s launch, office space was priced between $60 and $70 per square foot. The final leases completed at the building closed above $150 per square foot, while the rest of the Brickell submarket is in the $100 per square foot range.

830 Brickell was designed by architecture firm Adrian Smith + Gordon Gill.