Miami's 1450 Brickell Office Tower Announces 23,300 SF Of New Leases With Bbva Compass, Gentrust Wealth Management And Forrestal Capital

Brickell Financial District's newest office tower reaches 73% occupancy. End Quote

Miami, FL (1888PressRelease) November 19, 2011 - 1450 Brickell Avenue, the premier class A office building in Miami's Brickell Financial District, has finalized leases with Spanish banking institution BBVA Compass, a subsidiary of Banco Bilbao Vizcaya Argentaria; Gentrust Wealth Management; and Forrestal Capital Limited, a wealth management and M&A advisory firm specializing in Latin America. The new leases account for about 23,300 square feet of office space, bringing 1450 Brickell's total leased space to 73 percent with 36 tenants. BBVA's lease at 1450 Brickell represents a 6,652 RSF expansion of the company's original 8,450 RSF lease at the building earlier this year. Financial terms of the agreements were not disclosed.

Tere Blanca and Danet Linares of Blanca Commercial Real Estate represented landlord 1450 Brickell, LLC and Rilea Group in the transactions, while Kim Colquitt of JLL represented BBVA Compass, Mark Goldstein of Continental Real Estate Companies (CREC) represented Forrestal Capital and Oscar Arellano of Fortune International represented Gentrust Wealth Management.

The new batch of leases at 1450 Brickell continues a steady string of transactions that have seen the tower attract the Miami office market's top-tier tenants, including American Express, law firms Bilzin Sumberg and Berger Singerman, commercial real estate services firm Holiday Fenoglio Fowler (HFF), insurance firm Willis of Florida, JP Morgan Chase, City National Bank, BNY/Mellon, executive search firm Korn/Ferry International, private investment firm H.I.G. Capital, Spanish financial institutions Bancaja, Caja Madrid, Banca Mora, law firm Ratzan & Rubio, Kempler & Co., Inc., and investment banking firm BroadSpan Capital.

"Brickell Avenue is internationally recognized as the 'Wall Street of the South' - and 1450 Brickell is the marquee address in the Brickell Financial District," said Tere Blanca, President and CEO of Blanca Commercial Real Estate. "1450 Brickell continues to attract top tier tenants in a variety of corporate sectors, with BBVA Compass, Gentrust Wealth Management and Forrestal Capital being the latest examples of the building's allure among financial firms."

About a quarter of 1450 Brickell's office space remains available for lease, according to Danet Linares, Executive Vice President of Blanca Commercial Real Estate. "1450 Brickell has enjoyed commercial success in the twenty months that have passed since opening its doors to tenants. We attribute this to the building's superior location on Brickell Avenue, exceptional design and construction quality, strong ownership, and its tenant roster, which continues to draw premium firms from around the world."

1450 Brickell's setting in Miami's Brickell Entrance neighborhood means tenants are within walking distance of more than 30 retail businesses, numerous restaurants, residential towers and high-end hotels, as well as Miami's Metro Mover, which provides transportation throughout Downtown Miami. Tenants are also drawn to the building's location away from the Miami River, affording them and their visitors the conveniences of the Brickell Financial District without the traffic headaches spawned by the bridges spanning the River.

1450 Brickell stands out for its LEED Gold certification and superior construction quality. The building is fabricated with above code large-missile impact glass from top-to-bottom, making its exterior curtain wall window system one of the nation's strongest. The tower also sports an above code backup generator that can power tenants' basic electrical needs during outages and offers tenants a sound technology infrastructure including FPL Fibernet which allows for connection to the NAP of the Americas.

Designed by Miami-based architecture firm NBWW & Associates and constructed by Coastal Construction, 1450 Brickell offers panoramic views of Biscayne Bay, Brickell Avenue, and the city of Miami. Floor-to-ceiling windows and wide-open floor plates range in size from 24,000 square-feet to 25,600 square-feet, maximizing the flow of natural light throughout tenant areas.

To learn more, please visit www.1450Brickell.com. For leasing information, contact Tere Blanca or Danet Linares of Blanca Commercial Real Estate at (305) 577-8850.

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