Andrew Trench and Brian Gale Represented Landlord Alliance RE Holdings; Jason Donald, Tony Jones and Ryan Levy Represented SunTrust
Cushman & Wakefieldhas arranged a lease renewal and restructure for SunTrust Bank at 777 Brickell Avenue, an office tower in the heart of Miami’s Brickell submarket. The longtime anchor tenant has extended its lease for 10 years, and will now occupy a total of approximately 25,000 square feet, which includes office space and a new, redesigned lobby bank branch within the building’s ground-floor retail space.
Cushman & Wakefield Managing Director Andrew Trenchand Vice Chair Brian Galerepresented the landlord, Alliance RE Holdings, in the lease negotiations. Managing Director Jason Donald,Executive Director Tony Jonesand Senior Director Ryan Levy worked with SunTrust’s Thomas Crociata to negotiate the lease on behalf of SunTrust.
The lease comprises 22,000 square feet of office space, which will have unobstructed water views from the ninth floor, as well as 2,810 square feet of retail bank space, which provides direct exposure on Brickell Avenue for a SunTrust Bank branch. SunTrust has anchored 777 Brickell Avenue since the building was completed in 1978 and continues to hold top-of-building signage.
“Securing SunTrust as the anchor tenant at 777 Brickell for another 10 years was a great accomplishment for ownership,” said Trench. “This property has been associated with SunTrust since its initial construction, and we are glad we could help the identity live on.”
Added Donald, “We are pleased that ownership understands the benefit of SunTrust maintaining its position within the market, and that it was willing to accommodate the new initiatives and branding SunTrust is rolling out to better serve its banking clients.”
As one of the nation's leading financial services companies, SunTrust Bank provides deposit, credit, trust and investment services to a broad range of retail, business and institutional clients.
777 Brickell Avenue features robust amenities including onsite management, 24-hour building security, covered parking, a full-service salon and Truluck’s restaurant on the ground floor.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWakeon Twitter.
