CRESA Partners of Miami, which represented New Jersey-based Merrill Lynch in the recent transactions, would not disclose specific rental rates or lease values. However, based on the 701 Brickell Ave. average quoted rent of approximately $33 per sf, this lease is valued at approximately $11.98 million. The firm has been a tenant at 701 Brickell Avenue since 1993.

Cresa Partners' Barbara Liberatore Black and Matthew Goodman represented Merrill Lynch in this and the following transactions. Brian Gale represented the property owner, Metropolitan Life Insurance Co., in this deal.

In another recent negotiation, the Merrill Lynch Private Client office signed a lease to relocate to 30,392 sf at 355 Alhambra Ci. in Coral Gables early next year. Based on the asset's rental quotes of $29 to $33 per sf, this 10-year lease is valued at approximately $8.81 million to $10.03 million. The firm will have building-top signage.