JLL out, CREC in at 800 Brickell and the Alhambra office buildings

Miami /
Oct.October 12, 2016 02:15 PM

Updated, 1:45 p.m., Oct. 13: JLL is out at 800 Brickell, the Alhambra and Two Alhambra office buildings in Miami.

Continental Real Estate Companies, or CREC, was hired to take over leasing at the three buildings, president Carol Brooks told The Real Deal.

Steven Hurwitz, partner, Doug Okun, senior vice president, and Katie Fernandez-Espinosa, senior leasing associate, will lead office leasing at the properties, according to a press release.

Deutsche Bank funds own the properties. RREEF Property Trust paid $112 million to acquire 800 Brickell last year, and a Deutsche Asset & Wealth Management fund bought the Alhambra complex for $119 million in December.

Hurwitz said CREC took over leasing in the past month, and that the owners “wanted to find a good fit with someone who had boots on the ground.”

It’s not the first leasing assignment JLL has lost to competing brokerages in recent months. Sumitomo Corporation of Americas terminated JLL in October and brought on Cushman & Wakefield, Transwestern and CBRE to handle leasing at the Miami Tower in downtown Miami.

JLL declined to comment to TRD, but a spokesperson said the firm was hired as a property manager for 800 Brickell.

Here’s a breakdown of the properties:

  • 800 Brickell Avenue: a 15-story, 212,000-square-foot office tower occupied by lead tenants TotalBank, StateTrust, Prudential Insurance and Anheuser-Busch Companies. It’s about 85 percent leased.
  • The Alhambra: a 221,000-square-foot office building with tenants that include Disney, Crystal Lagoons and Campbell Sales and Gresham. It’s up to 85 percent occupied, Hurwitz told TRD. The full-floor penthouse is on the market, and CREC is talking to “creative-type” tenants, like an architecture of engineering firm, to fill the space.
  • The Alhambra West: a 91,000-square-foot office building home to Northwestern University, Starbucks, the U.S. Department of State and Pipeline Workspaces. The building is more than 90 percent occupied with a deal pending for the majority of the top floor.
 

Related Articles

arrow_forward_ios
20200 West Dixie Highway, Miami with Harry Dornbusch and Dr. Joshua Lampert (Google Maps)

Aventura office condo owners allege construction defects at Beacon Tower

Aventura office condo owners allege construction defects at Beacon Tower
Commissioner Ricky Arriola (iStock)

Miami Beach asks for offers to develop lots near Lincoln Road

Miami Beach asks for offers to develop lots near Lincoln Road
Lexington Realty Trust's Wilson Eglin and 5600 Broken Sound Boulevard, Boca Raton (Google Maps)

HSBC to take over Boca Raton office building following foreclosure auction

HSBC to take over Boca Raton office building following foreclosure auction
Javier Lopez and 2525 Ponce de Leon Boulevard, Coral Gables (Credit: Google Maps)

South Florida office landlords are offering sweeteners to lure tenants amid the pandemic

South Florida office landlords are offering sweeteners to lure tenants amid the pandemic
UDT CEO Henry Fleches and Midtown Capital CEO Alejandro Velez with 2900 Monarch Lakes Boulevard (Miramar Parks & Rec, Midtown Capital, Cushman & Wakefield)

Midtown Capital Partners buys Miramar office center for $23M

Midtown Capital Partners buys Miramar office center for $23M
Despite record high office vacancies across South Florida, average asking rates hit new highs

South Florida Q3 office rents hit record high, despite higher vacancies

South Florida Q3 office rents hit record high, despite higher vacancies
Tere Blanca and the Aventura office complex (Credit: Google Maps)

Aventura office complex Optima inks new leases

Aventura office complex Optima inks new leases
2290 and 2328 10th Avenue N, Lake Worth

Lake Worth Beach office buildings sell for $11M

Lake Worth Beach office buildings sell for $11M
arrow_forward_ios

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

Loading...