Another investment behemoth is headed to the 830 Brickell office tower in Miami.
Todd Boehley’s Eldridge Industries is in negotiations to lease about 8,000 square feet at the building, potentially moving from its Miami office nearby, Bloomberg reported, citing an anonymous source familiar with the matter. The Real Deal independently confirmed Eldridge is in talks for 830 Brickell space.
Vlad Doronin’s OKO Group and Cain, which is backed by Eldridge, completed development of the 57-story 830 Brickell, at 830 Brickell Plaza in Miami, in 2024.
Cain’s CEO is Jonathan Goldstein, who –– like Boehly –– is a Guggenheim Partners alumnus.
Boehly’s net worth is $8.5 billion, according to the Bloomberg Billionaires Index. Aside from founding Eldridge, he co-owns Chelsea Football Club and has stakes in the Los Angeles Dodgers and Los Angeles Lakers.
830 Brickell, which is the first standalone office building finished in Brickell in over a decade, has scored the highest Miami-Dade County office rents.
Peter Thiel’s family office recently leased nearly 18,200 square feet at 830 Brickell at $250 per square foot, gross, the highest known rent in the county.
830 Brickell benefitted from fortuitous timing, as it was under construction during the pandemic-era influx of out-of-state firms. More recently, South Florida is experiencing demand amid the blue-to-red state migration, with billionaires and centimillionaires fleeing California, New York and other states where they may potentially face higher taxes.
Florida has no personal income tax, and the state legislature recently approved a ballot question in the November election whether to slash property taxes for primary homes by increasing the homestead exemption.
Others that have leased at 830 Brickell include Microsoft, Thoma Bravo and billionaire Ken Griffin’s Citadel.
— Lidia Dinkova
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