X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI- Downtown Miami’s tallest office building, The First Union Financial Center, was re-named Wachovia Financial Center on Nov. 15. The name change came as First Union rolled out the Wachovia name at its Florida locations. First Union National Bank has been the building’s anchor tenant since 1992.

On Sept. 1, 2001, the bank merged with Wachovia Bank, creating Wachovia Corp., which as of Sept. 30 held assets totaling $326 billion. The 1.15-million-sf, 55-story, class A office building has become a South Florida landmark. It’s currently owned by Lend Lease USOT, which acquired it in a joint venture with German syndicator The KanAm Group in August for $270 million.

Insignia/ESG is the building’s property manager and exclusive leasing agent. Construction on the building began in 1982. It is currently about 95% leased. The property’s amenities include a retail plaza, a health club, The Miami City Club and valet parking.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.