Sumitomo Retains JLL To Lease and Manage Miami Tower

Weeks after completing the $220 million purchase of Miami Tower, owner Sumitomo Corporation of Americas has appointed JLL to continue to serve as the exclusive leasing agent and property manager for the landmark office building in Miami’s Central Business District.
Located at 100 SE 2^nd St. in Miami, the 47-story landmark skyscraper is known for its I.M. Pei design and ever-changing exterior LED lighting scheme, which has been featured in films, TV shows, music videos and commercials seen around the world.
JLL Executive Vice President Eric Groffman and Senior Associate Josh Gibbons will spearhead leasing efforts on behalf of Sumitomo, which acquired the asset in late May. The tower’s property management team will be comprised of JLL Regional Manager Sean McNamara, Senior Vice President and Director of Operations Steven Froot, General Manager Tom Matese, Assistant General Manager Ian Miranda, and Chief Engineer Wes Rosier.
 

“Miami Tower has been one of the recognizable buildings in Miami dating back more than two decades and today remains one of the city’s most desirable office buildings, so this is a big win for JLL,” says JLL Executive Vice President Eric Groffman. “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.”

Comprised of 631,672 square feet of class A office space, Miami Tower boasts a 92% occupancy rate, with high-profile tenants including TotalBank, Carlton Fields and UBS Financial. With the tower’s strategic location in the heart of Downtown Miami, it has a built-in Metromover station that offers direct access to pedestrians and convenient first-on and off access to Interstate 95. The property’s renovated and modernized Sky Lobby and Sky Terrace offer perfect views of the city skyline and serve as a popular location for tenant and corporate events.
 

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