Jun
14
Iconic Miami Office Asset Hits the Market
ByFlorida’s largest office tower is looking for a new owner.
Southeast Financial Center, Miami
Miami—J.P. Morgan Asset Management – Global Real Assets is ready to let go of one of Miami’s most notable office towers. The asset manager has decided to put Southeast Financial Center—a nearly 1.3 million-square-foot premier property—on the market.
Perhaps JPMAM–GRA was offering a hint of its plans in an August 2015 report, noting, “The Fund’s investment in Southeast Financial Center experienced an increase in value due to market rent growth, leases that were executed in several office suites and the decrease in discount rate by 25 bps to 6.75 percent. Market conditions continue to improve in the South Florida office market as it has experienced strong leasing and investment sales momentum.”…
Iconic Miami Office Asset Hits the Market
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