Microsoft to lease 50K sf office at under-construction Brickell tower

Tech giant was reportedly in talks to lease about 30K sf earlier this year

Miami /
Sep.September 08, 2021 06:00 PM
Vlad Doronin, Jonathan Goldstein and CEO Satya Nadella (Getty)

Vlad Doronin, Jonathan Goldstein and CEO Satya Nadella (Getty)

Microsoft is making its expansion in Miami official.

The tech giant inked a roughly 50,000-square-foot lease at a new office tower under construction in the Brickell Financial District, as out-of-state tech firms continue to head to South Florida.

Redmond, Washington-based Microsoft will use the space at 830 Brickell as its new regional headquarters, according to a statement posted on LinkedIn by Mariana Castro, Microsoft’s vice president of sales, marketing and operations for Latin America.

WeWork will be the anchor tenant at 830 Brickell, a 55-story, 640,000-square-foot tower that is expected to be completed next year. WeWork is now taking more than 100,000 square feet at the building, down from the 146,000 square feet on 10 floors that was initially announced.

Billionaire Vlad Doronin’s OKO Group is developing the tower along with Cain International. It’s being designed by Adrian Smith + Gordon Gill. The building will have a health and wellness center, restaurant and open-air rooftop lounge, and private conference facility.

Thoma Bravo, a tech-focused private equity firm, signed a lease for 36,500 square feet at 830 Brickell earlier this year.

A team led by Ryan Holtzman and Brian Gale of Cushman & Wakefield represented the developer in the Microsoft deal. Alexander Brown of Colliers International represented Microsoft.

OKO and Cain financed construction of 830 Brickell with a $300 million loan from MSD Partners, the private investment firm of Dell Technologies billionaire Michael Dell, in 2019.

The building will be the second tallest office tower in Greater Downtown Miami, preceded by the 765-foot-tall Southeast Financial Center at 200 South Biscayne Boulevard, which Hines developed in the early 1980s.






    Related Articles

    arrow_forward_ios
    East End Capital’s David Peretz (left) and Jonathan Yormak, with 100 North Biscayne Boulevard in Miami
    Inside the East End Capital-Australian investor feud over Miami’s 100 Biscayne tower
    Inside the East End Capital-Australian investor feud over Miami’s 100 Biscayne tower
    JV led by IP Capital buys Boca Raton office complex for $77M
    JV led by IP Capital buys Boca Raton office complex for $77M
    JV led by IP Capital buys Boca Raton office complex for $77M
    South Florida office vacancies remain high in Q3, as rents inch up
    South Florida office vacancies remain high in Q3, as rents inch up
    South Florida office vacancies remain high in Q3, as rents inch up
    Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
    Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
    Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
    Ecuadorian president, linked to US real estate, named in Pandora Papers
    Ecuadorian president, linked to US real estate, named in Pandora Papers
    Ecuadorian president, linked to US real estate, named in Pandora Papers
    Trian’s Nelson Peltz, Ed Garden and Peter May with the office building (Trian, New England Development)
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Lease roundup: Main Las Olas scores 21K sf of leases, shipping container firm opens Miami HQ
    Lease roundup: Main Las Olas scores 21K sf of leases, shipping container firm opens Miami HQ
    Lease roundup: Main Las Olas scores 21K sf of leases, shipping container firm opens Miami HQ
    Elysee Investments buys Bay Harbor Islands office building for $8M
    Elysee Investments buys Bay Harbor Islands office building for $8M
    Elysee Investments buys Bay Harbor Islands office building for $8M
    arrow_forward_ios

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

    Loading...