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RFR announced it has signed a 10-year, 31,192-square-foot lease with boutique flex space provider Mindspace. Offering more than 450 workstations, Mindspace Downtown Miami will occupy three full floors at the 30-story Class A office building.
This will be Mindspace’s second location in Miami and its sixth in the U.S., contributing to the company’s rapid growth across the U.S. and EMEA. RFR purchased the 310,000-square-foot building in January 2022 and has since seen an acceleration in leasing velocity, having signed over 123,000 square feet of new and extended leases in its first year of ownership. The brisk activity further underscores the allure of experienced hands-on ownership and well-managed office space in the Biscayne Bayfront enclave of Downtown Miami.
100 Biscayne, which overlooks Bayfront Park with unobstructed views of Biscayne Bay, PortMiami, and the Downtown Miami skyline, is centrally located in the heart of Miami’s rapidly growing Central Business District, adjacent to the Metromover Station and proximate to the thriving Design District, Wynwood Arts District, and Miami Beach neighborhoods.
“100 Biscayne is one of the most coveted addresses in downtown Miami,” said AJ Camhi, executive vice president and director of leasing of RFR. “The stunning views of Biscayne Bay combined with the building’s extensive amenities and exceptional tenant experience have allowed us to attract top-tier tenants and lease 40 percent of the building in our first year of ownership. We are excited to welcome Mindspace to the mix.”
Mindspace is a boutique flex space provider with more than 40 locations in 20 cities and 7 countries worldwide. In recent months, the firm has announced two new U.S. locations, Mindspace Williamsburg in New York and its 37,000 square feet Wynwood location in the Gateway building, adding to the company’s existing portfolio of locations in San Francisco, D.C. and Philadelphia. Mindspace announced 13 new locations.
“Our focus on providing high-end hospitality and beautifully designed flex spaces is a great fit with the stunning 100 Biscayne building. We are experiencing high demand in Miami, and this new location will give us the opportunity to serve businesses in the downtown area, which is well connected to local transportation networks and offers spectacular views across the bay,” said Dan Zakai, Mindspace CEO and co-founder.
“Downtown Miami continues to generate a significant amount of interest from users given all the high-end residential development in the area as well as the existing supply constraints in Brickell,” added Dino Mattessich, head of Real Estate – North America for Mindspace. “The continued migration of companies into Miami from all regions of the U.S. will continue to increase the talent pool. With the limited availability of quality design and high-end flexible office space offerings in Downtown Miami, Mindspace is excited to open its second strategic location at this incredible asset with RFR as our Landlord partner.”
Mindspace joins a roster of leading companies at 100 Biscayne including the French conglomerate LVMH, Italian luxury brand Bulgari, Italian eyewear maker Luxottica, Swiss watchmaker Hublot, and international architecture firm Zyscovich.
RFR was represented by Eric Groffman, Cameron Tallon, Joshua Gibbons and Emily Brais of CBRE. Mindspace was represented by Aaron Ellison, Jeff Gordon and Iker Belauste of JLL in the transaction.
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