Dadeland Greenery LP Acquires Miami's Greenery Mall For $58M

Dadeland Greenery LP, an affiliate of Orion Capital Partners, has acquired Miami's Greenery Mall for $58 million. The mixed-use property, located at 7700 North Kendall Drive, spans across 8.38 acres of land in the Miami market. The sale price amounts to $448 per square foot for a total of 129,585 square feet. The property was sold by Cofe Properties, with Mario A. Fernande representing as the seller.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $58,000,000
• Address: 7700 North Kendall Drive
• Market: Miami
• ACRES: 8.38

The deal was facilitated by brokers from JLL, including Danny Finkle, Eric Williams, Jorge Portela, Ike Ojala, and Kim Flores. Additionally, John Crotty and Michael T. Fay from Avison Young represented the buyer. The transaction, completed on September 20, 2023, was financed with a mortgage amount of $39 million.

Dadeland Greenery LP plans to revitalize the property, leveraging its strategic location near transit hubs and designated for redevelopment. The new owners intend to enhance the tenant and guest experience by introducing a diverse selection of retailers, restaurants, and entertainment options. This acquisition aligns with their vision to transform Greenery Mall into a vibrant and thriving destination.