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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.

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