CBRE has been awarded the exclusive listing assignment for Miami Tower, which was recently purchased by a joint venture between DRA Advisors LLC and CP Group.
Gordon Messinger, an Executive Vice President with CBRE, will lead the marketing efforts.
“Miami Tower is the most iconic and recognizable building in Miami’s skyline. We are planning extensive capital improvements, specifically to reposition the Sky Lobby, Sky Terrace and common areas to bring the property back to its iconic status,” said John Osborne, Senior Vice President with CP Group.
Located at 100 SE 2nd Street in the heart of Downtown Miami, the 627,000-square-foot, 47-story office tower was designed by I.M. Pei and completed in 1987. The LEED certified building features 37 stories of Class A office space atop a 10-story parking garage with exceptional 360-degree views of Miami and Biscayne Bay. Property amenities include an on-site conference center, 5,000-square-foot state-of-the-art fitness center, on-site café, and 13,000-square-foot Sky Lobby and Sky Terrace event space.
Miami Tower’s exterior lighting system has become a staple of the city’s skyline. The building’s colorful nighttime illumination is provided by a custom designed system of 216 Philips Kinetics LED light fixtures located on the curves of the three setbacks, the penthouse crown and mounted light poles on the ground.
The property is home to a diverse list of multi-national and national tenants in the finance, legal, and professional services industries.
“Miami Tower’s unrivaled location provides tenants not only with unobstructed views of Miami, but also the best connectivity of any office building in the Miami Central Business District. The property offers immediate access to Interstate 95 and is the only office building with an integrated MetroMover station, offering access to Miami’s finest restaurants, retail and upscale hotels,” said Messinger. “DRA Advisors and CP Group have a long, successful history as institutional leaders in the South Florida market, and we look forward to partnering with them to transform this asset.”
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.