Downtown Miami will continue to see more marquee businesses after Thoma Bravo, a private equity firm, recently announced the signing of a new lease at 830 Brickell. The long-term agreement will have the company located in a 55-story office tower in the Brickell Financial District.
The move to Miami for the private equity firm, which specializes in the software and technology industries, began late in 2020 when company founder Orlando Bravo and firm partner Chip Virnig and other employees started relocating to Miami. The move is part of the firm’s goal of expansion in the area to capitalize on Miami’s growing entrepreneurial tech scene.
“Miami’s rich diversity and fast-growing technology and business hubs make it the ideal location for Thoma Bravo as we expand our business,” says Orlando Bravo. “I want to thank Mayor Suarez for his support and encouragement in our decision to establish a new presence in Miami. We look forward to driving growth and innovation in the region as well as doing our part to contribute to the vibrant local community.”
The 830 Brickell building has yet to be built, with developers OKO Group and Cain International overseeing construction that is expected to finish in the fourth quarter of 2022. Thoma Bravo will occupy 36,500 square feet of the building’s top two floors to accommodate its recent growth. The firm currently manages over $76 billion in assets and has acquired more than 300 companies over the last 20 years.
“830 Brickell is the perfect home for Thoma Bravo Miami given its location in the city’s thriving business center and proximity to some of Miami’s best outdoor spaces,” says Virnig. “We look forward to joining Miami’s growing finance and technology communities and providing a culturally enriching environment for our employees in this exciting new chapter for our firm.”