I&G Miami LLC

Miami Tower Sold For $220M

The Lights of The Miami Tower

The iconic Miami Tower has sold for $220 million, according to The Real Deal.

The 47 story tower was built in 1987 and was designed by architect I.M. Pei. It is famous for its changing lights, which can be seen for miles in Miami. While under construction in 1984, the building caught fire on the ninth floor, which delayed work for weeks. 

Originally called CenTrust Tower, the building has been featured in Miami Vice, both the T.V. show and movie, and Gloria Estefan even filmed a music video on the rooftop

I&G Miami LLC purchased the 618,990 square foot building in 2010 for $105.5 million before it was bought by an affiliate of Sumitomo Corporation of America.