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News release

Miami, FL

Sumitomo Taps JLL to Lease and Manage the Iconic Miami Tower


MIAMI, FLORIDA, June 20, 2016 – 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. The assignment solidifies JLL’s role as the office market leader in Miami’s urban core, with a growing number of trophy towers comprising the firm’s leasing and management portfolio.

Located at 100 SE 2nd 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.

The tower features three different types of floor plans to accommodate tenants of various sizes and has multiple dining options on site including Au Bon Pain and Gault’s Italian Cafe. Other on-site amenities include the executive health and fitness club, state-of-the-art meeting and conference rooms, dry cleaner, multiple ATMs, and complimentary Wi-Fi in common areas. The office building also sits walking distance to a variety of upscale restaurants, four-star hotels, and county and federal courthouses and Miami-Dade County’s government hub.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.