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Florida & Gulf Coast  + South Florida  + Office  |  August 2, 2019
David Cohen
By: David Cohen

MSD Partners Provides $300M Construction Loan for Miami Office Tower

MSD Partners has provided a $300-million construction loan for 830 Brickell, a 57-story, 724-foot tall office tower being built in Miami. The tower is expected to be completed by the first quarter of 2022.

Located at 888 Southeast Brickell Plaza, the tower will include 15,000 square feet of retail space, 490,000 square feet of office and a restaurant on the 53rd floor. WeWork has signed a lease for 146,000 square feet at the tower. The new space will be WeWork’s second largest in the Southeast. The tower will also be the second tallest office tower in downtown Miami.

Scott Wadler and Scott Aiese of JLL secured the financing from MSD on behalf of the borrowers, OKO Group and joint venture partner Cain International. Terms of the financing were not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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