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Jones Lang LaSalle represents Class A Miami tower in new lease transaction
MIAMI, June 18, 2013 – In a transaction that will result in net-positive absorption for the Miami office market, international investment firm Change Capital, Inc. will locate its corporate headquarters to 14,172 square feet of Class A office space at Foram Group’s 600 Brickell at Brickell World Plaza. Financial terms of the lease were not disclosed.
Change Capital’s lease cements Brickell World Plaza’s position as the preferred building for companies seeking to enter the South Florida market and expand their presence here with a location directly on Brickell Avenue. The building’s tenants include banking giant Northern Trust, law firm Hogan Lovells, Crédit Agricole Private Banking Miami, Boston Consulting Group, New York-based commercial and construction mortgage lender Doral Money Inc., and global mediation and arbitration service provider JAMS.
Jones Lang LaSalle Executive Vice President Glenn H. Gregory and Senior Vice President Noël Steinfeld represented 600 Brickell’s developer, Foram Group, in the transaction. Jones Lang LaSalle Vice President Scott Sheron represented Change Capital, Inc.
“With this move, Change Capital becomes the latest investment company to locate its headquarters in Miami’s Brickell Financial District, which is fast-emerging as the Wall Street of the Americas,” said Jones Lang LaSalle’s Steinfeld. “600 Brickell is the address of choice for corporate office users in South Florida and around the world seeking a Miami building with a central location, pedestrian-friendly setting, and leading-edge technology and sustainability features.”
“After an exhaustive search, 600 Brickell is the building most suited for their needs,” said Sheron. “The building’s superior technology and quality tenant mix was extremely attractive.”
Beyond being the only major office building in Miami offering tenants a direct connection to the NAP (Network Access Point) of the Americas, 600 Brickell is the first major Class A office building in the world to be ISO 27001 Certified, which is the international benchmark for information security.
The building is one of a select few office buildings in the world to earn LEED Platinum pre-certification from the US Green Building Council and has emerged as a central gathering place in Miami’s urban core, with a 30,000-square-foot landscaped plaza welcoming visitors at street level. On-site amenities include but not limited to a private fitness center, conference center and tele-conference facilities, and a valet dry cleaner service.Available office spaces range in size from 3,500 square feet to 25,000 square feet. Average rental rates range from $44.00 to $48.00 per square foot.About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com. About Foram Group Foram Group is a real estate management and sustainable development company. Loretta H. Cockrum founded the company in Atlanta in 1978 to manage and acquire real estate for high-net-worth individuals and families for wealth preservation for future generations. Foram Group also managed and leased more than one million square feet of office buildings in Florida, and in 2005 began to focus on vertical development. Foram is the proud recipient of five Building of the Year awards in Miami and Jacksonville from the Building Owners and Managers Association (BOMA), including the former 600 Brickell building, which was named BOMA’s U.S. Southern Region Building of the Year. For further information, visit www.foramgroup.com.
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