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1111 Brickell Avenue in Miami, FL

CBRE Helps KKR, Parkway Lock in 74K-SF Lease at 1111 Brickell in Miami

KKR and Parkway Property Investments, LLC, have signed a long-term lease with Millennium Management for more than 74,000 square feet across three floors at 1111 Brickell, a 30-story Class A office tower located in Miami’s Brickell submarket.

CBRE served as the exclusive agent on the lease agreement.

Millennium plans to staff the office with investment professionals and technology teams.

“The explosive growth we are seeing in Miami today is an exciting acceleration of the long-term trends in net migration and outsized white-collar job growth which were central to our thesis when we acquired 1111 Brickell in 2018,” said Ben Brudney, a director in the real estate group at KKR.

The property is a marquee 524,000-square-foot waterfront office tower overlooking Biscayne Bay. It has been a perennial fixture of the Miami skyline since its construction in 2000 as part of the acclaimed mixed-use project, which includes the adjacent JW Marriot Hotel on Brickell Avenue.

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KKR’s Brudney

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

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