Law Firm Kirkland & Ellis Expands to Miami With Big Office Lease

Professional-services companies are looking to cater to the region’s growing number of finance and tech tenants.

Law firm Kirkland & Ellis is opening its first Miami office, joining a rush of professional-services companies expanding in the region to cater to a growing roster of finance and technology tenants.

Kirkland & Ellis signed a lease for 115,000 square feet across six floors at 830 Brickell, a new office development that has attracted the likes of Citadel, Microsoft Corp. and private equity firm Thoma Bravo, according to a statement Monday. The 55-story building, developed by OKO Group and Cain International, is now fully leased ahead of its completion. The deal by Kirkland, which has large offices in Chicago and New York, makes it one of the biggest law-firm tenants in Miami.

Cushman & Wakefield Plc represented the landlords in the deal. Newmark Group and CBRE Group Inc. represented the tenant.

“This is the largest, most valuable lease, when you look at square footage coupled with the rent that we’re getting on the building,” said Brian Gale, a vice chairman at Cushman and Wakefield. “It really just shows higher demand.”

This article has been sourced from Bloomberg. You can read the full article here.