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Florida & Gulf Coast  + Florida  + Office  | 

Miami Tower Trades for $220M

LaSalle Investment Management has sold the 631,672-square-foot, Class A, Miami Tower to Sumitomo Corp. of the Americas for $220 million. HFF represented the seller in the transaction.

LaSalle Investment acquired the asset at 100 S.E. 2nd St. in 2010. During its hold, the Chicago-based investor installed a new lighting system as part of an overall renovation. The seller also repositioned and leased the tower to 92% occupancy.

Designed by renowned architect, I.M. Pei, the iconic Miami Tower consists of 37 stories of office space situated above 10 stories of parking, a Metromover station and ground level retail space. Tenants include Carlton Fields, TotalBank, UBS Financial, Genovese Joblove, Ver Ploeg and the GSA.

Read More at HFF

Connect with LaSalle Investments

Connect with Sumitomo Corp. of the Americas


Inside The Story

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Financing
  • ◦Sale/Acquisition
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