MIAMI—Brickell Bay Office Tower, a 32-story, class A office tower located in Miami’s Brickell Financial District, defied the odds in 2011 with 22 leases at the 280,500-square-foot building. In all, management leased 107,770 square feet to make a major comeback after losing a significant tenant.

The completed leases bring Brickell Bay Office Tower’s total office occupancy to 91%, well above the Downtown Miami/Brickell market average of 78%. Brickell Bay did its part. The owners invested $2.5 million to upgrade the building’s corridors, common areas, as well as the modernization of the tower’s elevator system to compete with the new buildings in the area.

“The most important renewal was the one for Aon, which is our anchor tenant,” Christian Driussi, vice president for Brickell Bay Office Tower, tells GlobeSt.com. “Aon was coming up for renewal and had a lot good deals offered to them in different buildings. Some buildings were even offering naming rights.”

Global insurance giant Aon Group renewed its 38,000 square foot lease. Other tenants in the building include certified public accounting firms Mallah Furman & Company and Morrison, Brown, Argiz & Farra, P.A.

“The market is stabilizing,” Driussi says. “The concessions are not where they used to be two years ago. Little by little they are getting smaller and smaller. We still see the presence of smaller tenants coming to the market, which we’ve catered to.”

Located at 1001 Brickell Bay Drive, in the heart of Miami’s Brickell Financial District and directly overlooking Biscayne Bay, Brickell Bay Office Tower offers wide-open floor plates ranging from 10,896 to 18,622 square-feet. Amenities include an on-site bank, an Au Bon Pain Caf