Stearns Weaver Miller Weissler Alhadeff & Sitterson has renewed its lease at Museum Tower in downtown Miami. The law firm will continue to occupy 96,800 square feet at the property located at 150 West Flagler Street, near the Miami-Dade County Courthouse.
The transaction was handled by Stephen Rutchik and Ana Paula of Colliers on behalf of the landlord, while Grant Gassman and Chris Harak of Blanca Commercial Real Estate represented Stearns Weaver.
Museum Tower is owned by Moishe Mana through his company Mana Properties. Mana acquired the 28-story building in 2023 for a reported $73.8 million by purchasing an interest in the ownership entity; no deed was recorded for the sale. Mana is known as downtown Miami’s largest property owner.
Mana has previously stated he plans to adapt both Museum Tower and a neighboring building at 172 West Flagler Street for use by legal professionals. The release also notes that Mana Hubs, co-working spaces aimed at attorneys and others in the legal field, will be opening at Museum Tower. A membership club for industry employees is also planned.
Off the Hook Yachts, a boat wholesaler based in Wilmington, North Carolina, is expanding its presence in South Florida with new offices in Fort Lauderdale and Jupiter. The company will open a 1,500-square-foot office at 151 Las Olas Circle this month and a 5,800-square-foot office at 951 North Alternate A1A in December. Off the Hook Yachts buys and sells used boats and provides brokerage and financing services.
The company is preparing for an initial public offering expected to raise between $25 million and $29 million this October. It plans to offer five million shares priced between $5 and $7 each. Off the Hook was founded in 2012 by Jason Ruegg; Brian John has been appointed CEO and will be based out of Jupiter.
Records indicate that the city of Fort Lauderdale owns the site leased there by Off the Hook Yachts, while Jeffrey Weinstein manages ownership of their Jupiter location.
Stream Realty Partners is increasing its footprint in downtown Miami two years after entering South Florida. The Dallas-based commercial real estate firm has leased an 8,000-square-foot space on the 30th floor of Citigroup Center at 201 South Biscayne Boulevard. Stream will relocate from its current smaller office within Citigroup Center during next year’s first quarter.
Stream offers brokerage as well as development and investment services across several Florida locations including Orlando and Tampa. Since launching its first South Florida office in Fort Lauderdale last year, Stream’s staff statewide has grown from six to forty-five employees according to company information.
Citigroup Center’s ownership includes CP Group (Boca Raton), Monarch Alternative Capital (New York), and Tourmaline Capital Partners (Bryn Mawr).
