Stearns Weaver Miller Weissler Alhadeff & Sitterson has renewed its lease for 96,800 square feet at Museum Tower in downtown Miami. The building is located at 150 West Flagler Street near the Miami-Dade County Courthouse. According to a release from the landlord’s broker, Colliers’ Stephen Rutchik and Ana Paula represented the landlord in the deal, while Grant Gassman and Chris Harak of Blanca Commercial Real Estate acted for the tenant.
The owner of Museum Tower is Moishe Mana, who controls Mana Properties and is recognized as downtown Miami’s largest property owner. Mana acquired the 28-story tower in 2023 by purchasing an interest in its ownership entity; no deed was recorded at that time. The reported purchase price was $73.8 million.
Mana has stated his intention to adapt both Museum Tower and a nearby building at 172 West Flagler Street—also under his ownership—for use by legal professionals. Plans include opening Mana Hubs, co-working spaces aimed at attorneys and others in the legal field, as well as launching a membership club for employees within the industry.
In other leasing activity, Off the Hook Yachts announced it will expand its South Florida presence with new offices: a 1,500-square-foot space at 151 Las Olas Circle in Fort Lauderdale opening this month, and a 5,800-square-foot office at 951 North Alternate A1A in Jupiter scheduled to open in December. The company specializes in buying and wholesaling used boats and offers brokerage and financing services.
Off the Hook Yachts is preparing for an initial public offering planned for October. The firm aims to raise between $25 million and $29 million by offering five million shares priced between $5 and $7 each. Founded by Jason Ruegg in 2012, Off the Hook recently appointed Brian John as CEO; he will be based out of the new Jupiter office.
Property records indicate that the city of Fort Lauderdale owns the site leased by Off the Hook Yachts there, while Jeffrey Weinstein manages ownership of their Jupiter location.
Stream Realty Partners also announced expansion plans within downtown Miami. The Dallas-based commercial real estate firm signed an 8,000-square-foot lease on Citigroup Center’s 30th floor at 201 South Biscayne Boulevard. Stream will relocate from its current smaller office within Citigroup Center during next year’s first quarter.
Stream provides brokerage services across office and industrial sectors along with development and investment services throughout Florida markets including Orlando and Tampa. Since entering South Florida two years ago with an office on East Las Olas Boulevard in Fort Lauderdale, Stream reports growing its state workforce from six to forty-five employees but declined comment regarding continued operations in Fort Lauderdale.
Citigroup Center’s ownership includes CP Group (Boca Raton), Monarch Alternative Capital (New York), and Tourmaline Capital Partners (Bryn Mawr).
