JP Morgan Selling 1.2M SF Downtown Office Building – BIZNOW

May 25, 2016

A massive Downtown Miami office building could soon have new ownership. Southeast Financial Center, a two-building, 1.2M SF office complex in downtown was just listed for sale by JPMorgan Asset Management and has tapped into HFF to market the project. It has an estimated value of about $400/Sq.Ft., which reaches nearly $500M for the whole center. The current owners, JPMorgan’s Strategic Property Fund, could be facing sales of up to $430/Sq.Ft., and the project is currently 98% leased.

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