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Bilzin Sumberg Signs Lease at Brickell Financial Centre

MIAMI-The law firm signs a 10-year, 115,000 sf lease—the largest in the Downtown/Brickell office market this year.

By Crystal Proenza | Updated on April 17, 2008

(Crystal Proenza is associate editor of Real EstateFlorida.)

MIAMI-Bilzin Sumberg Baena Price & Axelrod LLP has signed a 10-year, 115,000-sf lease at the developing Brickell Financial Centre—the largest agreement signed in the South Florida office market so far this year. The total value of the deal is $58M, with rent valued in the low-to-mid $40 per sf range, says Danet Linares, senior vice president and director of real estate services for Foram Group, who handled the transaction on behalf of the landlord. Barbara Liberatore Black and Matthew Goodman of CRESA Partners and John Kuhn from Bilzin Sumberg represented the tenant. Janis Cheezem of Akerman Senterfitt was the attorney representing the landlord in this transaction.

Brickell Financial Centre is the first of the three new class A office buildings under construction in the Downtown Miami/Brickell market to land a major tenant. The others, Rilea Group’s 1450 Brickell and MDM Development’s Met 2, have yet to announce leases.

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