Wednesday, May 10, 2017

HFF closes sale of 408,000-square-foot Miami CBD office tower

Hermen Rodriguez
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 1221 Brickell, a 408,423-square-foot, iconic office building in Miami’s Brickell Financial District.

HFF represented the owner in the sale of 1221 Brickell to Rockpoint Group LLC.  Additionally, HFF represented the prior owner of 1221 Brickell in the 2006 sale to the current joint venture.

1221 Brickell Avenue is located on the “Main and Main” corner of Brickell Avenue and Coral Way in the core of Brickell Avenue, Miami’s premier office submarket.  

The 26-story tower occupies an entire city block and is leased to a high-quality roster of local, national and multinational tenants, including Lydecker Diaz, Regus, Banco Do Brasil, Safra National Bank of New York and Clyde & Co. 

1221 Brickell offers tenants an array of amenities, including various restaurants, a conference facility, 24-hour security, dry cleaning service, a 5,000-square-foot daycare center, ample parking and a car wash facility. 

Manuel de Zarraga
The HFF investment sales team representing the seller was led by senior managing director Hermen Rodriguez, executive managing director Manny de Zarraga, director Ike Ojala, associate director Tracey Good and senior analyst Christina Kong. 

“This offering attracted top domestic and foreign investors as the Miami CBD continues to be a very sought after market,” stated Rodriguez.

From the beginning of 2016 through first quarter 2017, HFF has closed over $45.3 billion of investment sales transactions nationally, including approximately five million square feet of office sales in South Florida.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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