Global investment firm KKR opened a new office in Miami’s Brickell neighborhood, the company announced on Mar. 30. The firm has leased a permanent 6,500-square-foot space at 600 Brickell Avenue, relocating from its temporary location at 801 Brickell Avenue. The office will serve client and partner businesses, focusing on institutional and family capital as well as private wealth clients in South Florida and Latin America.
The expansion of KKR is part of a broader trend of financial institutions and companies leasing space in the Miami area. Community bank Terrabank is moving its headquarters to Coral Gables from Miami after leasing 40,000 square feet at 1 Alhambra Plaza for its offices and banking center. Inter-American Development Bank Group also announced it will open its first office outside Washington, D.C., by leasing space in downtown Miami’s Wells Fargo Center tower.
In another move reflecting Miami’s growth as a business hub, FC Barcelona has relocated its North American headquarters from New York to downtown Miami. The soccer club signed a lease for 2,400 square feet at One Biscayne Tower. This follows recent expansions by other soccer organizations such as FIFA increasing its Coral Gables presence to serve as its base for the Americas.
Several other companies have signed leases or renewed their commitments in key buildings across the city. Reimagined Parking leased its first brick-and-mortar office; law firm Levey & Associates moved from Miami Beach; Drummond Advisors relocated from Brickell Key; Kirkwood moved from Brickell; Goldberg & Rosen renewed their lease for over 12,000 square feet; CMA CGM extended their stay with more than 20,000 square feet.
Real estate firm Fortec expanded within the Brickell Arch building to now occupy 3,600 square feet under a renewed lease term while launching a $100 million fund focused on schools’ development nationwide. Posh Life Pilates opened at River Landing Shops & Residences—bringing retail occupancy there to nearly full capacity—and The Canopy in Coconut Grove reached full occupancy with new tenants including Link Business School and Principia Global Capital.
