The Real Deal Miami

Miami’s SunTrust tower hits the market

March 01, 2011 02:25PM

The SunTrust International Center, the 31-story office tower downtown Miami, is up for sale, and sources peg its value at roughly $80 million. The owners, Boston’s Guggenheim Real Estate and Fort Lauderdale minority partner Stiles Corp., said they won’t sell unless the 420,080-square-foot tower fetches an appropriate price, though Guggenheim asset manager John Detwiler wouldn’t say what that price is. Jones Lang LaSalle has been tapped to handle the marketing for the building, which is 82 percent leased to tenants including SunTrust, Akerman Senterfitt and the Daily Business Review. [SFBJ]