{"id":1004173150,"date":"2017-04-19T06:08:41","date_gmt":"2017-04-19T14:08:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173150"},"modified":"2022-12-08T19:58:56","modified_gmt":"2022-12-09T03:58:56","slug":"kendall-pointe-sold-in-17m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kendall-pointe-sold-in-17m-deal\/","title":{"rendered":"Kendall Pointe Sold in $17M Deal"},"content":{"rendered":"

by Timea Papp<\/p>\n

\"Kendall<\/a>

Kendall Pointe<\/p><\/div>\n

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\u00a0second sale in Kendall, Fla. within the last 30 days.<\/p>\n

Built in 2007, Kendall Pointe is a two-story, 76,516-square-foot shopping center located at 16514 SW 88th\u00a0St. 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\u2019s Wholesale, ALDI and Petsmart.<\/p>\n

“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,”<\/em>\u00a0Joe Sanz, founder & president of Orion Real Estate Group, said in prepared remarks.<\/p>\n

Orion Real Estate Group sold Kendall Corners<\/a> to MMG Equity Partners in March, and has several acquisitions and dispositions expected to close in April and May.<\/p>\n

Image courtesy of Orion Real Estate Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Northbridge Investment Management Inc. purchased the commercial property from Orion Real Estate Group.<\/p>\n","protected":false},"author":240,"featured_media":1004173152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742,21749],"tags":[34367],"class_list":["post-1004173150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-retail","tag-orion-real-estate-group"],"acf":[],"yoast_head":"\nKendall Pointe Sold in $17M Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kendall-pointe-sold-in-17m-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kendall Pointe Sold in $17M Deal\" \/>\n<meta property=\"og:description\" content=\"Northbridge Investment Management Inc. purchased the commercial property from Orion Real Estate Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kendall-pointe-sold-in-17m-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-19T14:08:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:58:56+00:00\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Kendall-Pointe-Petsmart-4.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kendall-pointe-sold-in-17m-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kendall-pointe-sold-in-17m-deal\/\",\"name\":\"Kendall Pointe Sold in $17M Deal - 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