Elliott Investment Management has struck a contract agreement for roughly $450 million to acquire a Miami office building, according to a report from The Real Deal.
The asset, 701 Brickell Avenue, spans 687,000 square feet asset and was first opened in 1985 before undergoing renovation in 2021.
The 33-story building now features floor plates, an art conference facility, a beauty salon, a parking garage, a bank and atm, a car wash, a tenant lounge, a fitness center, and a skyline room. Plus, "coming soon" to the property is a Pura Vida Cafe, according to 701 Brickell.
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