The Real Deal Miami

JLL stays as Miami Tower’s leasing agent, manager

Sumitomo retains JLL following $220 million acquisition of the iconic Miami office building

June 19, 2016 09:15AM

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Miami Tower

Miami Tower

JLL will remain the exclusive leasing agent and property manager of the Miami Tower under Sumitomo Corporation of America, which recently bought the iconic office building in downtown Miami for $220 million.

The 47-story landmark at 100 Southeast 2 Street in Miami, known for its design by architect I.M. Pei and its multicolored exterior lighting, has been featured in films, television shows , music videos and commercials.

Eric Groffman, executive vice president of JLL, and senior associate Josh Gibbons will oversee leasing efforts on behalf of Sumitomo, which acquired the Miami Tower in late May.

“This is a big win for JLL,” Groffman said in a press release. “The building’s iconic design and accessible location, coupled with ownership’s long-term commitment to the project, will ensure Miami Tower remains a top choice for office users in Miami’s CBD.”

The building has 631,672 square feet of office space and a 92 percent occupancy rate. Its tenants include TotalBank, Carlton Fields and UBS Financial.