October 4, 2019 — Avison Young negotiated a new, long-term, 21,000-square-foot lease with Bolton Global Capital at Four Seasons Tower, Florida’s second-tallest building at 1441 Brickell Avenue in Miami’s Brickell submarket. Avison Young’s Wayne Schuchts, Principal, and Bobby Benton, Brokerage services, facilitated the transaction on behalf of the landlord, bringing the building’s occupancy to 96 percent. Bolton Global Capital was represented by Steve Woodworth and Tyler Wyant of Savills.
“It’s very rare for Four Seasons to have a large block of space available,” said Schuchts. “We were juggling between several interested parties. Bolton Global Capital is the tenant that the owners wanted for the space as it was the best long-term fit for both parties. Bolton was drawn to the building due to the rare combination of a first class building with first-class Four Seasons amenities and services situated at the accessible south end of Brickell.”
The lease will accommodate Bolton Global Capital’s growth plans and need to consolidate its offices while greatly enhancing the client experience. Bolton is the largest independent broker dealer in the international wealth management space with $8.5 billion in client assets.
“Bolton Global Capital has achieved success as a premier financial consultancy by building strong relationships with its clients,” said Woodworth. “It was important that Savills identify an office solution that supported the brand, enhanced workflows and collaboration, and provided optimal exposure to their markets. The Four Seasons Tower offered the convenience, prestige and visibility Bolton desired.”
Situated at the gateway of Miami’s Brickell Financial District, the Four Seasons Tower was designed to accommodate an unparalleled range of corporate tenants’ needs and configurations. The skyscraper soars skyward at 70 stories high, comprising a total of 1.5 million square feet, and serves as the prestigious anchor for the south end of Brickell Avenue. A diverse blend of retail, office, hospitality, entertainment and residential attractions surround the property.
According to research by Avison Young, Brickell’s class A office vacancy rate is 7.34%, the lowest of all Miami-Dade County submarkets with a class A inventory over 1 million square feet. Rents in the category are also the highest in Miami-Dade averaging $55.25 per square foot.