Now available for sale the Iconic Trophy Downtown building $500,000,000

Now available for sale the Iconic Trophy Downtown building $500,000,000

Downtown Miami’s tallest office tower, reportedly valued at nearly $500 million, is on the market.

J.P. Morgan Asset Management – Global Real Assets is listing the Southeast Financial Center, a 55-story, 1.3 million-square-foot tower at 200 South Biscayne Boulevard, according to published reports.

The iconic building, second in height only to the Four Seasons Miami, was developed in 1984 by Hines and designed by Skidmore, Owings & Merrill.

Commercial Real Estate Direct first reported that the property was up for sale in May, with Commercial Property Executive reporting that it could sell for more than half a billion dollars.

In May, the nearby Miami Tower sold for $220 million to Sumitomo Corporation of the Americas. The 47-story tower is the eighth-tallest in Miami.

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