Todd Boehly’s holding company Eldridge Industries is planting deeper roots in Miami, locking in a fresh office lease at 830 Brickell and grabbing about 8,000 square feet in the skyscraper that has turned into a clubhouse for hedge funds and billionaire family offices. The deal adds to Eldridge’s local presence as Brickell keeps reeling in trophy tenants and commanding top-of-market rents.
According to Bloomberg, Eldridge will take roughly 8,000 square feet at 830 Brickell, citing people familiar with the transaction. The lease is grouped with a wave of recent, high-profile deals that have pushed Miami’s flashiest office towers into national headlines.
Why 830 Brickell Keeps Luring Billionaires
Developed by OKO Group with Cain International, 830 Brickell was pitched as a hospitality-led office product and quickly lined up marquee tenants including Microsoft, Citadel and Thoma Bravo, according to The Real Deal. Eldridge itself lists 830 Brickell among its businesses, underscoring the firm’s tight connection to the tower and related Cain investments.
Record Rents And A Bidding War
Recent deals in the building have reset Miami’s office benchmarks. Brokers reported that Peter Thiel’s family office grabbed nearly a full floor at about $250 per square foot, per Bisnow, and the property previously landed near-record pricing on a large Banco Master lease. Together, those transactions have helped shove top-of-market asking rents into the triple digits as trophy floors become scarce.
"Sometimes it takes an eye that is not ingrained in the locality to see the potential," Cain CEO Jonathan Goldstein told The Real Deal, explaining why developers backed a boutique, amenity-heavy office concept. Cain also highlighted 830 Brickell’s leasing momentum and recent refinancing in a company release, positioning the tower as a favored asset for landlord leverage.
For Miami’s office market, Eldridge’s lease is another signal that wealthy funds and family offices are clustering around Brickell, keeping demand strong at the trophy end even as overall office vacancy stays elevated. The Miami Herald and local market trackers point to transit access, private amenities and turnkey buildouts as key reasons deep-pocketed tenants are willing to pay up.
