Florida’s tallest and largest office tower and center totaling 1.225 million square feet in the heart of Miami’s Central Business District, today announced it is receiving a new name that gives homage to the past, while reflecting the future direction of the tower as the premier business hub: “Southeast Financial Center.” The tower was previously known as Wachovia Financial Center, named after one of its tenants, which continues to lease 130,000 square feet of space for the next six years.
“The decision to rename the property reflects the regal business stature that has been in place for over 25 years,” said Donald Cartwright, Director of Leasing with Cushman & Wakefield, on behalf of the property owner, institutional investors advised by J.P. Morgan Asset Management – Global Real Assets. “Southeast Financial Center is home to the most prestigious corporate users in Miami and represents the epicenter for the City’s business as well as the gateway to the Americas.”
On the heels of significant office renewals and expansions and marquis new retail tenants such as The Newsstand Café by Books & Books, Southeast Financial Center has seen positive results from its numerous capital improvements. The property has enhanced the work/life experience of its office tenants, including the addition of granite pedestrian walkways, an enhanced park setting with shade trees and various foliage upgrades and planters, new lighting, and a convenient pick-up/drop-off location. Today, the Southeast Financial Center is currently the largest leased tower in the State of Florida with more than one million square feet occupied.
Located at 200 South Biscayne Boulevard in downtown Miami, Southeast Financial Center is comprised of two buildings: a 55-story Class A Office Tower distinguished by its striking “saw-tooth” design on the northeast corner of the façade and a 15 story Annex Building which houses the popular Downtown Athletic Club and 1,200 parking spaces. Connecting the Office Tower and Annex buildings is a 30,000 square foot outdoor plaza landscaped with shade trees and a variety of lush native plantings. A steel and glass canopy attached 150 feet from the ground provides a unique architectural connection between the two structures, and adds an aesthetically pleasing ambiance to the plaza.
About J.P. Morgan Asset Management – Global Real Assets
J.P. Morgan Asset Management – Global Real Assets has approximately $49.3 billion in real estate and infrastructure assets under management, as of December 31, 2010. With a 40-year history of successful investing and a staff of 365 professionals, J.P. Morgan Asset Management – Global Real Assets identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients. J.P. Morgan Asset Management’s broad investment capabilities and framework for analyzing opportunities in today’s complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.
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