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<\/p>\nBillionaire Peter Thiel, who founded Palantir Technologies and PayPal Holdings, snapped up space that just became available in Miami’s most sought-after office building \u2014 and paid a record price in the process.<\/p>\n
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\n Courtesy of OKO Group\/Cain International\n <\/p>\n
\n The 830 Brickell office tower in Miami\n <\/p>\n
Thiel Capital, the private investment firm and family office of the influential entrepreneur, signed a lease for 18K SF for about $250 per SF on the 44th floor of 830 Brickell,\u00a0Bloomberg reported<\/a>.<\/p>\n The deal is the most expensive office lease in Miami history, eclipsing\u00a0the previous record set by Brazilian bank Banco Master SA for the same space, which it leased for nearly $200 per SF.<\/p>\n The bank shuttered<\/a>\u00a0in November amid a fraud investigation, leaving its space\u00a0in the 57-story office tower\u00a0untouched.<\/p>\n Los Angeles-based Thiel\u00a0Capital manages the personal investments of Thiel, who is the world’s 87th-richest person, with a net worth of roughly $29B, according to Forbes<\/a>. It signed\u00a0a lease last year<\/a> to open its first Miami office in Wynwood, but it is unclear if the firm will keep that space.<\/p>\n Cushman & Wakefield, which leads leasing for\u00a0830 Brickell, didn’t respond to a request for comment. A representative for Thiel Capital didn’t respond to a request for comment.<\/p>\n The 724-foot skyscraper at 830 Brickell Plaza broke ground before the pandemic as the first trophy office tower to rise in Miami in a decade. It was the prime beneficiary of the pandemic-era corporate migration, landing Citadel’s headquarters and offices of Thoma Bravo,\u00a0Kirkland & Ellis and Microsoft.<\/p>\n The 640K SF building features a sky lobby, a gym and a private club that offers\u00a0memberships for $25K<\/a> on the 54th and 55th floors.<\/p>\n OKO Group and Cain, which developed the tower in 2024, didn’t respond to a request for comment.<\/p>\n This isn’t the first Thiel company to follow\u00a0him to the Sunshine State, where he has owned a mansion in Miami Beach since 2020. His Founders Fund opened a Miami office in 2021.<\/p>\n