New York-based Sumitomo Corporation of Americas has made Cushman & Wakefield the exclusive office leasing agent for Miami Tower. The Class A office tower boasts 631,672 sqf of space consisting of 37 stories of office space atop a 10-story, 1,500-space parking garage along with ground-level retail. The building offers direct access to the adjacent Hyatt Regency Miami and is the only building in the Miami CBD that houses a dedicated Metromover station. Designed by famed architect I.M. Pei, it opened in 1987. Notable tenants in the building include TotalBank and UBS Financial as well as national and regional law firms such as Carlton Fields, P.A., Boies Schiller & Flexner LLP, Wilson Elser LLP, Genovese Joblove & Battista, P.A. and Ver Ploeg & Lumpkin, P.A. Sumitomo also announced that CBRE will assume retail leasing responsibilities at Miami Tower while Transwestern will now manage the asset. Headquartered in Japan, SCOA acquired Miami Tower in May 2016 and has revealed that it will be modernizing the building’s Sky Lobby and common areas.
“Miami Tower is the most recognizable building in Miami’s skyline, and I look forward to helping Sumitomo bring the asset to its full potential,” said Gordon Messinger, Managing Director Cushman & Wakefield. “The asset offers tenants great amenities, exceptional 360-degree views of the city and Biscayne Bay, a premier location with the best access in the Miami CBD, landmark status and an infusion of energy on the part of new ownership.”
