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Mastercard International renews 53,700 SF at 801 Brickell

Colliers South Florida represented the landlord, Nuveen Real Estate, in the transaction

MIAMI, FL, March 2, 2022 – Global payment technology solutions giant, Mastercard International, re-committed to their tenancy in Brickell by renewing their 53,700 SF of office space at landmark office tower, 801 Brickell. Executive Managing Director Stephen Rutchik and Managing Director Tom Farmer represented the landlord, Nuveen Real Estate, in negotiating the long-term lease renewal early this February. Cushman & Wakefield’s Executive Managing Director, Tony Jones, represented the tenant. 

 

“Ownership has shown it’s commitment to thoughtful improvements that meet the evolving needs of tenants at 801 Brickell,” said Rutchik. 

 

Mastercard has been a tenant at 801 Brickell since 1986. 

 

“This lease renewal represents the relationship we have built with our long-term tenants at 801 Brickell,” said Charles Russo, Nuveen Southeast Regional Head. “As the largest owner of Class A office on Brickell Avenue we have been very active over the last two years renovating and leasing our assets to meet the dynamic needs of our valued tenants.”  

 

801 Brickell is currently undergoing a multi-million dollar transformation, including a completely enhanced lobby and redesigned common areas featuring natural finishes. The fifth floor of the building is being transformed to feature a range of amenities, including a wellness center, state-of-the-art conference center and tenant lounge. The exterior landscaping of the Class A office tower has also been re-imagined alongside the expansion of ground-floor retail options. 

 

Focusing on environmentally sound office building management, the renovations will include HVAC system improvements designed to provide a cleaner, healthier indoor environment. Digital touchless systems are also being implemented throughout the building and will keep tenants informed of renovation updates, event information, transportation options, conference room reservations, and work order capabilities.

Related Experts

Stephen Rutchik

Executive Managing Director -Office Services

Miami

Stephen Rutchik is a veteran of the commercial real estate industry, focusing on Class A agency and tenant representation services for office clients in South Florida and across the United States. He also provides investment and asset management consulting services to institutional clients.
Stephen has built a  team of  passionate, driven commercial real estate professionals, offering expertise to office and industrial occupiers and investors across South Florida.

Stephen and his team joined Colliers International in 2015, after four years as Senior Vice President of Brokerage at Jones Lang LaSalle and more than eight years as Vice President of Office Services at Grubb & Ellis Company, where he was responsible for the delivery of services to tenants, owners and investors of commercial real estate in South Florida. Stephen specializes in leasing transactions, representing the needs of both landlords and tenants, giving them the diverse knowledge and ability to adapt to South Florida’s unique real estate market challenges.

“Team Kingsley- Rutchik aligns our strategies with our clients’ business goals and provides a wealth of accurate, specific market intelligence to support their real estate decisions.”

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Tom Farmer

Managing Director - Office Services

Miami

With more than 16 years of commercial real estate experience, as Managing Director, Office Leasing, Tom Farmer provides added depth and expertise to Team Kingsley-Rutchik - driven, passionate commercial real estate (CRE) advisors offering their expertise in both agency and tenant representation services for office and  industrial clients

Before joining Colliers, Tom was Director of Office Leasing  at Franklin Street, where he specialized in landlord representation for property owners and institutional clients in throughout Florida. Tom also represented select office, industrial and retail occupiers with site selection, strategy development, redevelopment, rebranding, and occupancy cost-saving initiatives .

Prior to Franklin Street, Tom was Senior Associate with CBRE’s Brokerage Services division. While there, Tom formulated and implemented comprehensive leasing strategies for more than 750,000 square feet of office properties, serving as principal for negotiation of prospective tenants. 

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