Banco do Brasil Americas Opens First Branch in Miami at 800 Brickell Premier Office Building

May 13, 2013 — Stiles Realty Director Michael Taylor today announced that Banco do Brasil America's, a State Chartered Florida Bank owned by Banco do Brasil S.A., Latin America's largest bank, has opened its first branch in Miami at 800 Brickell. 800 Brickell is a 208,325-square-foot premier office building in downtown Miami. The bank signed a new ten-year 6,953-square-foot lease for premium ground floor office space fronting Brickell Ave in the city's financial district, the second largest in the United States.

According to Taylor, the Brickell submarket is the bright spot in Miami's office market. Stiles research shows that occupancy in Brickell is on a more rapid rise than other submarkets. Tenants seeking quality space and a large amenity base are attracted to the area due in part to its recent retail and residential developments. "Brickell is being looked at as one of the premier office and residential markets in the country," said Taylor. "As a result, top-tier office buildings like 800 Brickell that offer first-rate amenities and an excellent roster of tenants are attracting quality office tenants of national and international scale."

Banco do Brasil Americas was founded in 2012 with three branches — each in Boca Raton, Coral Gables and Pompano Beach. The bank plans to open about 20 new branches in the next five years. 800 Brickell was chosen to be the first of these braches.

Stiles is responsible for the leasing and property management for 800 Brickell, which is Leadership in Energy and Environmental Design (LEED) Silver certified. The building is located on the corner of SE 8th Street and Brickell Ave — across the street from the future home of the $1.05 billion mixed-use Brickell City Centre development. It is also within walking distance of a nearby Metromover station as well as entertainment, dining and shopping amenities, including Mary Brickell Village.

According to Taylor, in addition to being located in the international business gateway, 800 Brickell offers a distinctive charm and human scale, set among more massive office towers. "800 Brickell has found an effective market niche with companies that thrive on the building's quality, 'Main and Main' location and extremely flexible floor plans," said Taylor.

Boasting 15 stories with a full glass facade, 800 Brickell is an iconic slice of Miami's dramatic skyline. Its main entrances are framed by a circular courtyard plaza area, enhanced by lush greenery and an attractive water feature at the center of its towering three-story atrium. An attached parking structure provides 2.7 spaces per 1,000 square feet — the highest parking ratio on Brickell.

Taylor noted that for Banco do Brasil Americas, Brickell's international scope and reputation as one of the country's financial capitals was a key factor. "Unlike other cities, Brickell offers more than a place to work; it offers a lifestyle and access to the global economy," said Taylor. "Brickell is the Wall Street of the South, and that continues to drive corporations and retailers to the area."

About Stiles

Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 38 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://www.stiles.com or call 954-627-9300. Please contact Michael Taylor at 305-373-3399 for leasing information at 800 Brickell.

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