The 260,000-sf Espirito Santo Plaza is located at 1395 Brickell Ave. and is scheduled to be completed this month. The value of the lease was not disclosed; however, based on the $32.39 per-sf direct weighted average class A rental rate for the Brickell Avenue submarket of Miami-Dade County the lease is estimated to be worth nearly $14.6 million, according to Cushman & Wakefield's third-quarter office overview for the county.
Cresa Partners principal and partner David Preve represented Fowler, White, Burnett PA in the transaction. William Holly, president of Holly Real Estate, represented the building, developed by Estoril Inc.
Fowler, White, Burnett PA is moving from the Bank of America Tower in Miami. Founded in 1942, the firm is one of Florida's biggest full-service, multi-practice law firms.
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