Kendall Pointe Sold in $17M Deal

by Timea Papp

Kendall Pointe

Orion Real Estate Group, a South-Florida based commercial brokerage, recently announced the sale of Kendall Pointe shopping center for $16.5 million. According to county records, Northbridge Investment Management Inc. acquired the property. This is the Orion’s second sale in Kendall, Fla. within the last 30 days.

Built in 2007, Kendall Pointe is a two-story, 76,516-square-foot shopping center located at 16514 SW 88th St. in West Kendall. It is accessible from Kendall Drive and surrounded by new and proposed residential and office developments. Tenants of Kendall Pointe include BJ’s Wholesale, ALDI and Petsmart.

“Our team has shown continued success in identifying undervalued locations and making upgrades to stabilize the properties. When the timing is right, our sales team is able to market them well and return proceeds to our investors,” Joe Sanz, founder & president of Orion Real Estate Group, said in prepared remarks.

Orion Real Estate Group sold Kendall Corners to MMG Equity Partners in March, and has several acquisitions and dispositions expected to close in April and May.

Image courtesy of Orion Real Estate Group