CP Group and DRA Advisors Buy Iconic Miami Tower For 3M
Another day, another gargantuan Miami office sale. CP Group and DRA Advisors dropped approximately $163 million for the iconic Miami Tower, accordi...
Another day, another gargantuan Miami office sale. CP Group and DRA Advisors dropped approximately $163 million for the iconic Miami Tower, according to sources with knowledge of the deal. The 47-story office building, designed by the late Pritzker-winning architect I.M. Pei, has stood as a landmark in Downtown Miami since its completion in 1987, glittering Miami's skyline with light shows. It's been an active few weeks for the Miami office market. Just last week, Citadel, a leading hedge fund, and its sister company, market maker Citadel Securities, announced plans to relocate from Chicago to Brickell, Miami's financial district.