Lease roundup: Nuveen moving Southeast HQ to 801 Brickell

Studio Three fitness firm to open first Florida location in Wynwood

Miami /
May.May 16, 2022 08:45 AM
Nuveen CEO Jose Minaya and 801 Brickell Avenue in Miami (Nuveen, Colliers)

Nuveen CEO Jose Minaya and 801 Brickell Avenue in Miami (Nuveen, Colliers)

Nuveen Real Estate, StoicLane I 801 Brickell I Miami

Nuveen Real Estate is moving its Southeast headquarters to its 801 Brickell building in Miami’s financial district.

Nuveen, the investment arm of TIAA, will relocate in January into a 3,487-square-foot space at the 28-story tower at 801 Brickell Avenue from its current office on Brickell Key.

Nuveen also scored one new tenant at the property and two lease renewals, with the four deals totaling 10,883 square feet and bringing the building up to 87 percent leased, according to a news release from Nuveen’s brokers, Stephen Rutchik and Tom Farmer of Colliers. The building is being renovated.

801 Brickell Avenue in Miami (TVS Design)

801 Brickell Avenue in Miami (TVS Design)

Capital management firm StoicLane, based in Chicago, signed a lease for 2,808 square feet. The private holding company focuses on finance, insurance and real estate businesses, according to the release.

Investment firm Selvatra, owned by Colombian company Colpatria, and independent investment bank Cassel Salpeter each renewed their leases.

Selvatra invests alongside family offices and private equity funds in U.S., Canadian and European operating companies, according to the release. Cassel Salpeter works with middle-market and emerging companies across industries.

Nuveen, led by CEO Jose Minaya, has $152 billion of assets under management, the release says.

The leases speak to Brickell’s growth as a mecca for financial firms, a trajectory that was accelerated shortly after the pandemic started.

This year, Vibrant Capital Partners opened its first office outside its New York City headquarters in a 3,000-square-foot space at 1200 Brickell Avenue, with plans to expand to the penthouse next year.

This came on the heels of Canadian asset manager CI Financial doubling its space in January to 40,000 square feet at the 830 Brickell tower under construction, after it originally took out 20,000 square feet in September.

CED Greentech, Air-Con, Piedmont Plastics I Atlantic Business Center and Sample Business Center I Pompano Beach

Three companies took more than 157,000 square feet of industrial space, combined, in Pompano Beach.

At the Atlantic Business Center complex, solar energy equipment supplier CED Greentech leased roughly 67,000 square feet at 1742 West Atlantic Boulevard, and air-conditioning products firm Air-Con leased roughly 60,000 square feet at 2031 Southwest Second Street, according to a news release from the tenants’ broker.

Plastic wholesaler Piedmont Plastics took roughly 30,000 square feet at 3147 North Andrews Avenue in the Sample Business Center.

The properties are owned by affiliates of Indianapolis, Indiana-based Duke Realty, an owner, developer and manager of industrial real estate, records show. James Connor is Duke’s CEO.

Jeff Hartsook and Adam Talbot of Cresa represented the tenants, working with Mike Statter on the Piedmont deal. Lauren Pace and David Loudenslager of Duke Realty represented the landlord.

Burlington Stores I Kendall Place I Miami-Dade County

Retailer Burlington Stores opened at the Kendall Place shopping center in southwestern Miami-Dade County. http://therealdeal.com/miami/tag/miami-dade-county/

Burlington leased an undisclosed amount of square footage at 8881 Southwest 107th Avenue in Kendall, marking its 81st store in Florida, according to a Burlington news release. The store opened on Friday.

Los Angeles-based commercial real estate investment manager American Realty Advisors, through an affiliate, owns the Kendall Place plaza that spans 21.3 acres, records show.

It purchased the property in 2007 for $88.5 million.

Studio Three I Wynwood

Boutique fitness company Studio Three will open its first Florida location in Miami’s Wynwood.

Studio Three leased 9,000 square feet of ground-floor retail space at the Artem apartment building under construction at 90 Northwest 29th Street, according to a Studio Three news release. Construction is expected to be completed this summer, and Studio Three will open next year.

Charlotte, North Carolina-based LMC is developing the 11-story Artem with 189 units. The property will offer studios, as well as one- and two-bedroom apartments, and 324 parking spots, the release says.

Gensler designed Studio Three’s interior, and local artists have been commissioned to create murals.

It will mark Studio Three’s fifth location, adding to three in the River North, Lincoln Park and Fulton Market neighborhoods in Chicago and a fourth expected to open in the fall in Austin, according to the release.

The principals of real estate company BlitzLake founded Studio Three in 2015. David Blitz is CEO of BlitzLake, and Jeffrey and Brian Lake are chairman and vice president, respectively, according to the company’s website.





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