The leasing and marketing agency for Miami Tower, formerly known as Bank of America Tower at International Place, is seeking a new naming-rights partner for the 600,000-square-foot, class A office tower near Biscayne Bay in Downtown Miami. Charlotte-based Bank of America is vacating 50,000 square feet in the iconic building to consolidate space at a nearby building on Brickell Avenue that also bears its name.
Miami Tower opened in 1987 and figures prominently in several movies and television shows, including current CBS promos for "CSI: Miami." The 47-story structure designed by I.M. Pei features multicolored lights that make the building easily recognizable within the city skyline.
"There's no question that Miami Tower's worldwide exposure has a direct, positive impact on our leasing efforts," says Tony Puente, senior vice president with Coral Gables-based Fairchild Partners. "Tenants are drawn to the idea that they can locate their business in a landmark office building located at the heart of one of the world's most dynamic cities."
Miami Tower's owner, Atlanta-based Wealth Capital Investments, recently announced the building's temporary identity as it seeks a new tenant to take over naming rights. Fairchild Partners says it completed 62,000 square feet of lease transactions there last year, including a five-year, 34,536-square-foot renewal by UBS Financial Services valued at $7.5 million.
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