Brickell World Plaza owner boosts mortgage to $140M

Tenants include Gunster, Berkley Insurance Company, Northern Trust

TRD MIAMI /
Aug.August 19, 2016 09:45 AM

The owner of Brickell World Plaza, also known as 600 Brickell, just boosted its $50 million mortgage to $140 million, records show.

Brickell Holdings LLC owns the 40-story, 1-million-square-foot office tower at 600 Brickell Avenue. The developer, Foram Group, completed the LEED Platinum certified building in December 2011.

TD is the lender for the latest $90 million round of financing. The bank provided the initial $50 million mortgage for the building in January 2014, records show.

The building has 26 stories of office space and 11 for parking, according to its website. It’s also home to Tamarina Restaurant & Bar, which is owned by some of Zuma’s partners.

Tenants include Gunster, one of Florida’s biggest law firms, Berkley Insurance Company, Northern Trust, Crédit Agricole Private Banking Miami, and Beacon Hill Property Group. Gunster announced it was leaving One Biscayne Tower and moving to Brickell World Plaza in 2014 via a 12-year lease for the entire 35th floor.

The tower sits on a 1.9-acre property that last sold in 1990 for $12 million. Foram completed the 600 Brickell Avenue building in 2011 after deciding to slow down construction during the recession. Amenities include a 30,000-square-foot landscaped plaza, a fitness center and a conference center.

Jones Lang Lasalle handles leasing for Brickell World Plaza, according to the building’s website.


Related Articles

arrow_forward_ios
Civic Construction CEO Williams Real, Vlad Doronin and an aerial view of the Brickell project's foundation (Getty, Linkedin, Golden Dusk Photography)

Construction accident at OKO Group’s Brickell tower site in Miami lands six workers in the hospital

Construction accident at OKO Group’s Brickell tower site in Miami lands six workers in the hospital
(iStock)

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2
Jay Parker and Mike Sales, with 801 Brickell Avenue (Credit: Google Maps)

TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise

TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise
320 85th Street in Miami Beach (Credit: Google Maps)

Lawsuit alleges Brickell brokerage violated Fair Housing Act

Lawsuit alleges Brickell brokerage violated Fair Housing Act
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Alta Developers CEO Raimundo Onetto and Le Parc at Brickell rendering

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...