Downtown Dadeland sells for $78M
In the News
10/21/2018 - 09:07
The Downtown Dadeland retail center in Miami-Dade County was sold to a local real estate firm for $78.2 million.
DHPI Dadeland LLC, a joint venture between Duncan Hillsley Capital and PEBB Capital, sold the 126,000 square feet of ground-floor retail and a 500-plus-space parking garage to Miami-based Midtown Capital Partners. The property spans seven buildings at 7270 North Kendall Drive. Berkadia’s Brad Williamson and Mitch Sinberg helped the developer secure a 10-year, $46.97 million loan from a life insurance company with interest-only payments for the first five years.