Tall & Urban News

Citadel, a hedge fund firm headed by Ken Griffin, is in the process of completing deals for new office space as it prepares to expand in Miami.  The firm will establish its new headquarters in the city after announcing their departure from Chicago’s Citadel Center, where they had been located for many years. 

Citadel has already taken a floor in the Southeast Financial Center at 200 South Biscayne Blvd., where it has temporary offices, and leased roughly 90,000 square feet (8361.3 square meters) at the under-construction 55-story tower, 830 Brickell. It is speculated that Citadel will be leasing six floors in the tower.  Rents at 830 Brickell range from $125 to $150 per square foot (per .1 square meter), according to Jones Lang LaSalle Inc., and are far higher than the average New York asking rent of $82 per square foot.

These leases will provide accommodations for Citadel's staff while they are in the early process stages of building their own skyscraper on Brickell Bay Drive with developer Sterling Bay. 

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