MIAMI-Lydecker Diaz is expanding into a 23,000-square-foot space at the 1221 Brickell Avenue office tower. The deal marks one of the largest leases signed in the Downtown Miami/Brickell submarket this year. Financial terms of the 10-year lease were not disclosed.
Ryan Grindler, director of acquisitions at Terranova Corporation, represented Lydecker Diaz. Scott Strickland of Jones Lang LaSalle represented Equity Office Properties Trust and UK-based PRUPRIM, the owners of 1221 Brickell Avenue.
“We did an extensive search,” Grindler tells GlobeSt.com. “We looked at more than a dozen buildings in the market. We did consider some buildings on Biscayne downtown. 1221 provided attractive space and a lot of value. This is a great time in the market for tenants to look for office space.”
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