The 701 Brickell office tower has been sold for $443M – the most ever for an office building in Brickell.
It is also the second highest price for an office building in Florida, trailing only the $540 million sale of the 1.2 million square foot Southeast Financial Center in 2016.
701 Brickell last sold in 2002 for $172m, property records show.
The 32-story building has 685,279 square feet of office space, and was completed in 1986. A $30 million capital renovation plan was recently completed.
The property attracted significant interest from top-tier institutional and ultra-high net worth investors, according to JLL’s Capital Markets group, which represented seller Nuveen Real Estate.
Morning Calm Management and a partner are the buyers. A Bloomberg report last month said that Elliott Investment Management and partners were in contract to buy the property.
