Miami, FL – August 30, 2021 – BEA Equities’ office and restaurant property 315 South Biscayne will welcome two new tenants: Polsinelli, a new-to-market AM100 law firm, and a credit restaurant, both recently signing long-term leases. With the closing of these two transactions, the building is now fully leased.

The 34,341-sq.-ft. Class A office and restaurant building is located at 315 South Biscayne Boulevard in downtown Miami. Polsinelli Law is occupying The Related Group’s former space, totaling 23,617 square feet. The credit restaurant will occupy approximately 10,000 square feet, which will bring the building to 100% occupancy.

CBRE’s, Kevin Gonzalez, Maggie Kurtz and Jake Freeman represented BEA Equities in the transaction. Additionally, CBRE’s Marsha Griffiths and Drew Schaul are overseeing the retail / restaurant lease. The CBRE team was able to successfully lease the entire building before the close of the sale of the building, bolstering the buyer’s investment and the value of the property.

“These transactions illustrate recent trends in the Miami market, including an influx of new-to-market tenants like Polsinelli,” said Mr. Gonzalez, a Vice President at CBRE. “These leases also reflect the appeal of the 315 Biscayne property, its ability to attract high caliber organizations, and its incredible value.”

The iconic property is prominently situated at the southern turn of Biscayne Boulevard, steps away from Miami’s best restaurants, hotels, residences, and cultural destinations. The five-story 315 South Biscayne building consists of two floors of office space situated above a full floor restaurant and private parking garage. Each floor features unobstructed panoramic views of the Biscayne Bay & Miami’s skyline.

According to CBRE’s Miami Q2 office report, new-to-market tenants touring the market totaled approximately 1.1 million sq. ft. Net investment sales in Downtown Miami surged in 2021 totaling $763 million year-to-date.