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7770 Southwest 88th Street
SOLD

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

7770 Southwest 88th Street

Retail
129,585 SF
clock iconSold 302 days ago
Jorge Portela
Kim Flores
Michael Fay
+ 5
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Summary

Sale
FLORIDA
Retail
129,585 sqft

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.

Players

  • All

    9

  • Agents

    7

  • Agencies

    2

Jorge Portela's profile picture
Jorge Portela
JLL-image
Senior Director
$379.3M Sold
Kim Flores's profile picture
John Crotty's profile picture
Eric Williams's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Jorge Portela, Ike Ojala, Danny Finkle, Kim Flores, Eric Williams, Joseph Sanz, Kevin Sanz, John Crotty & Michael T. Fay DATE: 09/20/2023 ADDRESS: 7700 North Kendall Drive MARKET: Miami ASSET TYPE: Retail ~ ACRES: 8.38 BUYER: Dadeland Greenery LP - Orion Capital Partners - Kevin Sanz & Joseph Sanz SELLER: Cofe Properties - Mario A Fernande BROKERS: Danny Finkle, Eric Williams, Jorge Portela, Ike Ojala & Kim Flores - JLL (@jll); John Crotty (@JohnkCrotty) & Michael T. Fay (@MichaeltFay) - Avison Young (@avison_young_global) SALE PRICE: $58,000,000 SF: 129,585 ~ PPSF: $448 NOTE: Dadeland Greenery LP, an affiliate of Orion Capital Partners, acquired Miami's Greenery Mall for $58 million, taking on a $39 million mortgage. The mixed-use property, strategically located near transit hubs and designated for redevelopment, will see plans to enhance the tenant and guest experience with diverse retailers, restaurants, and entertainment options.

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Address7770 Southwest 88th Street

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