Marcus & Millichap Markets BB&T Miami HQ

By Razvan Cimpean

1200 Brickell Ave. in Miami

Miami—Marcus & Millichap recently announced that the company has obtained the exclusive listing for the net-leased BB&T Bank building in downtown Miami. The asking price is $17 million. Ronnie Issenberg and Gabriel Britti, first vice presidents in Marcus & Millichap’s Miami office, are representing the seller, a Florida-based LLC.

According to Yardi Matrix data, BB&T is the largest tenant in the 1200 Brickell Ave. building, occupying more than 35,000 square feet.

“BB&T demonstrated its commitment to Brickell Avenue and Miami’s financial district by completing a seven-year lease extension that includes the building’s ground-floor bank branch and café space and corporate offices on the 10th and 11th floors,” said Issenberg in prepared statements. “The location is a world-class banking environment in one of the densest neighborhoods south of Manhattan in the country.”

A Fortune 500 company, BB&T is one of the country’s largest financial services holding companies, with more than $200 billion in assets, as of the end of last year.

Image courtesy of Yardi Matrix