TOM BRADY TO MOVE FAMILY OFFICE TO BAY HARBOR’S ISLANDS

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Retired NFL superstar Tom Brady will open a family office in a new Class A building that is now being built in Bay Harbor Islands.

Tom Brady Enterprises Capital Management, also known as TEB Capital Management, closed on a lease for an 8,415-square-foot office in The Well Bay Harbor Islands, said Tere Blanca, CEO of Blanca Commercial Real Estate.

The office move, which was first reported by Bloomberg, will take place next year when the building is slated to be finished, said Blanca, who represented the developers in the lease negotiations.

“Obviously we are very excited that Tom Brady has chosen this location and has chosen to remain in Bay Harbor,” Blanca said. “This is going to bring a whole new level of utility and standards to the offices that exist in Bay Harbor, Indian Creek, and the surrounding area.”

Tom Brady Enterprises was represented by New York-based Current Real Estate Advisors co-founder Brandon Charnas and Kevin Gonzalez and Stephen Rutchik of Colliers. The brokers declined to comment on the specifics of the deal.

Designed by Arquitectonica, The Well Bay Harbor Islands at 1160 Kane Concourse consists of 54 condo units and about 96,000 square feet of office. Its developers are David Martin’s Terra Group, which paid $31.6 million for the development site, and New York-based wellness company The Well.

The project is near 1080-1090 Kane Concourse, a commercial building where Brady’s family office now operates, and Indian Creek, where Brady is building a mansion.