Cain and OKO Group have secured a $630 million refinancing for their jointly developed office property, 830 Brickell. This new financing replaces a construction bridge loan provided by TYKO Capital in July 2024.
The 57-story tower is the first stand-alone Class A+ office building to be constructed in Miami’s Brickell Financial District in over a decade. Completed in 2023 and designed by Adrian Smith + Gordon Gill Architecture, 830 Brickell hosts an impressive lineup of tenants including Microsoft, Citadel, Kirkland & Ellis, CI Financial, Thoma Bravo, Marsh Insurance, Santander Bank, and Sidley Austin.
Jonathan Goldstein, CEO of Cain, and Vlad Doronin, Founder, Chairman, and CEO of OKO Group, stated that, “This successful refinancing backed by Goldman Sachs and JP Morgan further underscores the confidence in the Miami market and in leading office destinations.”
Legal counsel for Cain and OKO was provided by a team at Pillsbury Winthrop Shaw Pittman led by Nellie Camerik. The financing was brokered by a Newmark team led by Adam Spies.
