{"id":35490,"date":"2023-03-17T10:30:19","date_gmt":"2023-03-17T07:30:19","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=35490"},"modified":"2025-03-25T16:09:03","modified_gmt":"2025-03-25T13:09:03","slug":"novo-lease-at-801-brickell","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/novo-lease-at-801-brickell\/","title":{"rendered":"Novo Platform Joins BNP Paribas &#038; Banco Master at 801 Brickell"},"content":{"rendered":"<p>Fintech company Novo Platform is the latest name to sign a lease at Miami\u2019s 801 Brickell, following recent deals inked by S\u00e3o Paolo-based digital bank Banco Master and French banking giant BNP Paribas. Novo is set to occupy 18,450 square feet on the building\u2019s 22<sup>nd<\/sup> floor for the next 12 years. It\u2019s expected to move into its new premises in about 10 months, once renovations at the property are completed.<\/p>\n<p>Colliers\u2019\u00a0Stephen Rutchik\u00a0and\u00a0Tom Farmer represented the landlord, Nuveen Real Estate (one of the largest investment managers in the world), while Alec Kirshner of Current Real Estate Advisors negotiated on behalf of Novo.<\/p>\n<p>\u201cWe could not be more pleased to welcome Novo and Banco Master to the 801 Brickell tenant roster,\u201d said Charles Russo, southeast regional head for Nuveen. \u201cAs we work alongside Stephen and Tom on the Colliers team, 801 Brickell is poised to further capitalize on the strong tenant demand for office space in the Brickell submarket. The cross-section of industries represented by recent deals is a testament to the growth that south Florida continues to see, especially from financial services firms looking to solidify their presence here.\u201d<\/p>\n<p>In December, BNP Paribas closed on a 7.5-year lease agreement for 7,665 square feet of office space, while Banco Master signed an agreement for 5,228 square feet of space on the fifth floor of the building.<\/p>\n<p>Plus, 801 Brickell\u2019s prospects for a high occupancy rate for the upcoming years were further bolstered by the decision of two longtime tenants \u2014 Royal Bank of Canada\u00a0and\u00a0Charles Schwab\u00a0\u2014 to renew their leases. Similarly, one year ago,\u00a0Mastercard\u00a0also renewed\u00a0its lease agreement with Nuveen. Thus, with the addition of this latest deal with Novo, the 28-story tower\u2019s occupancy rate has reached 93%.<\/p>\n<p>Built in 1984, the 415,000-square-foot <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/miami\/\" target=\"_blank\" rel=\"noopener\">office space in Miami<\/a>\u2019s Brickell district is currently undergoing <a href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2023\/03\/13\/801-brickell-is-93-leased.html\" target=\"_blank\" rel=\"nofollow noopener\">improvements<\/a> that include a revamp of the lobby, on-site fitness center and conference rooms, as well as the addition of a tenant lounge.<\/p>\n<p>The property (which Nuveen has owned since 2002, when it paid $80.3 million to acquire it) is also home to\u00a0Komodo Miami, a high-end, southeast Asian eatery and gathering place for celebrities, athletes and local socialites owned by David Grutman\u2019s Groot Hospitality.<\/p>\n<p><em>Visit CommercialCafe.com and explore office solutions (traditional or coworking) across all major U.S. markets. Browse the latest listings in your preferred location and filter results by space type, size or asking price:<\/em><\/p>\n\n<table id=\"tablepress-42\" class=\"tablepress tablepress-id-42\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/dallas\/\" rel=\"noopener\" target=\"_blank\">Office space in Dallas<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/nv\/las-vegas\/\" rel=\"noopener\" target=\"_blank\">Office space in Las Vegas<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/fort-lauderdale\/\" rel=\"noopener\" target=\"_blank\">Office space in Fort Lauderdale<\/a><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/fort-worth\/\" rel=\"noopener\" target=\"_blank\">Office space in Fort Worth<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/co\/denver\/\" rel=\"noopener\" target=\"_blank\">Office space in Denver<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/west-palm-beach\/\" rel=\"noopener\" target=\"_blank\">Office space in West Palm Beach<\/a><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/miami\/\" rel=\"noopener\" target=\"_blank\">Office space in Miami<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/pa\/philadelphia\/\" rel=\"noopener\" target=\"_blank\">Office space in Philadelphia<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/santa-clara-county\/san-jose\/\" rel=\"noopener\" target=\"_blank\">Office space in San Jose<\/a><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/phoenix\/\" rel=\"noopener\" target=\"_blank\">Office space in Phoenix<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/san-diego\/\" rel=\"noopener\" target=\"_blank\">Office space in San Diego<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/bexar-county\/san-antonio\/\" rel=\"noopener\" target=\"_blank\">Office space in San Antonio<\/a><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/oh\/cincinnati\/\" rel=\"noopener\" target=\"_blank\">Office space in Cincinnati<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/sacramento\/\" rel=\"noopener\" target=\"_blank\">Office space in Sacramento<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/in\/indianapolis\/\" rel=\"noopener\" target=\"_blank\">Office space in Indianapolis<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"<p>Fintech company Novo Platform is the latest name to sign a lease at Miami\u2019s 801 Brickell, following recent deals inked by S\u00e3o Paolo-based digital bank Banco Master and French banking giant BNP Paribas. Novo is set to occupy 18,450 square feet on the building\u2019s 22nd floor for the next 12 years. It\u2019s expected to move&hellip;<\/p>\n","protected":false},"author":56,"featured_media":35492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,4014,39],"tags":[],"class_list":["post-35490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Novo Platform Inks Lease at 801 Brickell | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Novo Platform is the latest name to sign a lease at Miami\u2019s 801 Brickell, following recent deals inked by S\u00e3o Paolo-based digital bank...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/novo-lease-at-801-brickell\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Novo Platform Joins BNP Paribas &amp; 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