The Office Leasing Team of Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza Represented Building Owner Alliance RE Holding in Securing 30,000 Square Feet of Leases with Coty, Inc. and CBRE
Cushman & Wakefield announced today that it has negotiated more than 30,000 square feet of long-term office leases valued at more than $15 million at 777 Brickell Avenue.
The office leasing team of Vice Chair Brian Gale, Managing Director Andrew Trench, Managing Director Ryan Holtzman and Director Jeannette Mendoza represented building owner Alliance RE Holding, a subsidiary of Brazilian investor Avenida Raja Gabáglia (ARG), in securing leases with CBRE, Inc. and Coty, Inc..
CBRE signed a 18,921-square-foot relocation and expansion release on the building’s 11th floor. The firm previously housed more than 50 employees in a 17,327-square-foot space on the building’s ninth floor. CBRE’s Shay Pope represented his own firm in the transaction.
“We are very happy to have CBRE grow within our building,” said Trench. “Maintaining them as a tenant was obviously a high priority for ownership, and we are excited to deliver their brand new office space in 777 Brickell.”
New York-based Coty, Inc., is one of the world’s leading beauty companies with approximately $9 billion in revenue. The firm has established an iconic portfolio of leading fragrances, cosmetics and skin and body care brands such as Calvin Klein, Chloe, Davidoff, Marc Jacobs, Philosophy, Rimmel London and Sally Hansen. Coty signed a 12,196-square-foot renewal and expansion lease. The firm previously occupied 6,300 square feet on the building’s sixth floor. CBRE’s Grant Killingsworth represented Coty in the transaction.
“Coty is an internationally recognized company, and we are ecstatic to keep them as one of our prestigious tenants,” said Gale. “It was a top priority to entice Coty to remain at 777 Brickell, as many other owners were trying to lure them to their buildings”.
777 Brickell Avenue is a 13-story, 288,457-square-foot office tower developed in 1980. The building offers efficient floor plates with spectacular views of Biscayne Bay, on-site management, 24-hour security, ample covered parking accessible from Brickell Avenue and state-of-the-art communications infrastructure. The building houses Truluck’s Seafood Steak & Crab House, a SunTrust Bank branch and ATM and JCB - Brickell 777 Salon & Spa. 777 Brickell Avenue has earned the ENERGY STAR rating and is a two-time winner of BOMA’s The Office Building of the Year (TOBY) Award.
777 Brickell Avenue is situated at the Main and Main intersection of Brickell Avenue and Southeast 8th Street in the heart of Miami’s Central Business District. The building is just minutes from Miami International Airport and offers excellent access to the region’s major thoroughfares, downtown Miami, the government district, five-star hotels, fine restaurants and retail and some of South Florida’s most exclusive residential neighborhoods.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit
www.cushmanwakefield.com
