Lease Prompts Miami Mayor to Declare City as “Capitol of Capital”
Cushman & Wakefield has arranged a new long-term lease for a 24,000-square-foot space in 701 Brickell with Apollo Capital Management, a high-growth alternative asset manager. The 33-story, 685,835-square-foot Class A tower in Miami offers views of Biscayne Bay.
Brian Gale, Ryan Holtzman and Andrew Trench of Cushman & Wakefield represented the landlord, Nuveen Real Estate. Neil Goldmacher and Mitchell Millowitz with Newmark represented the tenant.
“In the last nine months, 701 Brickell has added almost 50,000 square feet of trophy financial service tenants including high-profile companies such as Point72, Moore Capital, Manhattan Life, and now household name Apollo Capital Management,” Gale said.
“Apollo Capital Management signing a long-term lease in Brickell’s Financial District confirms Miami as the epicenter for global financial service firms — the capitol of capital,” added Miami Mayor Francis Suarez.
The deal required relocation of an existing tenant and providing temporary space for two tenants amid a multi-million-dollar lobby and building renovation.
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.