International Law Firm Kirkland & Ellis Inks 115K SF Lease At OKO Group and Cain International's 830 Brickell

Kirkland & Ellis, one of the largest law firms in the U.S., will open a Miami at 830 Brickell, the Class A+ tower nearing completion in the city’s Brickell Financial District. The firm signed a six floor, 115,000 square-foot lease at the tower, the largest new-to-market office lease signed in Miami in 2022. The 55-story tower, developed in partnership by OKO Group and Cain International, will be 100% leased ahead of its delivery in early 2023.

Kirkland joins the roster of world-leading professional services firms and other global companies at the building, which has become the address of choice for new-to-market firms looking to plant their flag in Miami. International law firms Sidley Austin, Winston & Strawn LLP and Baker McKenzie recently signed leases at 830 Brickell and will occupy a combined 100,000-plus square feet of space. Other blue-chip tenants that have announced plans to open offices at 830 Brickell include Microsoft, financial services company Citadel, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap and others.

“When OKO Group and Cain set out to develop 830 Brickell, Miami was on the way to becoming a global destination for professional services, finance and technology firms. Today, the city is a vital business hub, with 830 Brickell serving as a catalyst for international companies moving here,” said Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International. “The arrival of Kirkland & Ellis, along with the building’s other blue-chip tenants, has solidified 830 Brickell as one of the most desirable office towers in the United States and underscores the strength of the Miami market.”

830 Brickell’s ownership was represented by Cushman & Wakefield’s Brian Gale, Ryan Holtzman and Andrew Trench. Kirkland & Ellis was represented by Neil Goldmacher, Mitchell Millowitz and Ryan Rosalsky of Newmark, and Kevin Kushner of CBRE.

“830 Brickell is the only Class A-plus office building in Miami history to be fully pre-leased ahead of its completion, with the majority of its tenants being major new-to-market corporations. Global companies like Kirkland & Ellis, Microsoft and Citadel are changing the face of Miami’s business landscape and they’re looking to 830 Brickell as their home in one of the world’s most dynamic cities,” said Andrew Trench, Executive Director of Cushman & Wakefield.

830 Brickell was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati.

The tower’s amenities will include a rooftop bar/lounge and restaurant – with menus developed alongside a three-Michelin-starred chef – showcasing expansive views of the City and Biscayne Bay, a world-class health and wellness center, conferencing facilities, an outdoor terrace, cafeìs and street-level retail. Multiple transit options are nearby, including Metrorail and Metromover, the Brightline, walking paths, cycling lanes and bay access points. Additionally, some of Miami’s top residential and lifestyle-driven neighborhoods are situated just minutes away, such as Miami’s Design District, Wynwood, Edgewater and Miami Beach.

Hedge Fund Mogul Steven Cohen's Point72 Asset Management Signs Lease At Nuveen's 701 Brickell

Point72 Asset Management, a hedge fund led by legendary hedge fund mogul and owner of the New York Mets, Steven Cohen, has signed a lease at Nuveen Real Estate’s 701 Brickell office tower. Point72 Asset Management, which has over $20 billion in assets under management, leased 9,000 SF in the 33-story, 648,708 SF building. The Cushman & Wakefield team led by Brian Gale, Andrew Trench and Ryan Holtzman represented Nuveen in the deal while Point72 was represented by Mitchell Millowitz and Neil Goldmacher of Newmark. The Stamford, Connecticut-based firm is also opening an office at 360 Rosemary in West Palm Beach.

701 Brickell spans offers views of Biscayne Bay and features modern, sophisticated amenities and services including 24-hour state-of-the-art security measures, on-site management, private fitness center, conference facility, full service beauty salon, and a covered parking garage. The building is LEED Gold Certified, Energy Star Rated and a USGBC LEED Gala Verde Award Winner.

Point72 Asset Management was founded in 2014 after SAC Capital converted its investment operations into a family office in 2014. In 2018, the firm reopened to outside investors following a two-year ban against managing outside capital. Point72 Asset Management currently has over 1,650 employees and 12 global offices including in New York City and San Francisco.

The announcement comes on the heels of private equity and venture capital heavyweights Thoma Brown, Founders Fund and Atomic all signing leases to move to Miami. Miami Mayor Francis Suarez has aggressively used Twitter to launch a viral effort to attract financial and technology firms from New York City and Silicon Valley. Goldman Sachs has reportedly been mulling moving a portion of their company to South Florida along with the New York Stock Exchange. Colony Capital, Elliott Management Corp., Blackstone, Virtu Financial, Boston Private, Florida Funders, Novo, Palm Drive Capital, Wealthspire Advisors and Citadel have all moved to South Florida, have opened or are in the process of opening and office.