Downtown Miami Office Building Goes On The Block

New World Tower is up for sale.
The partnership of Westbrook Partners and Panther Real Estate selected Jones Lang LaSalle to market the office property, located at 100 North Biscayne Boulevard. The 30-story, 285k SF office tower also houses an advanced telecommunications facility, including an in-house Tier 3 data center. It’s expected to go for about $65M, or about $228 per square foot.
New World Tower has undergone more than $13M in renovations and capital expenditures and is 77% occupied, including more than 15 of the world’s most important fiber providers. 
Source:  BISNOW

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