PR Newswire
The trophy asset was highly sought after by institutional groups and ultra-high net worth investors
MIAMI, Oct. 8, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today that it arranged the $443 million sale of 701 Brickell, a trophy Class AA office building totalling 685,279 square feet in the heart of Miami's financial district. Brickell is currently the top performing office market in the United States in terms of occupancy and rent growth. This sale was structured as an all-cash transaction for the seller. 701 Brickell represents the second largest office transaction in Florida history, just behind the $540 million sale of the 1.2 MSF Southeast Financial Center arranged by JLL in 2016.
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