HFF Facilitates Miami Retail Center Deal
ByMiami—HFF recently announced that it has closed the sale of Kendall Corners, a 97,189-square-foot retail center located in the Kendall submarket of Miami. Orion Real Estate Group sold the property free and clear of existing debt to MMG Equity Partners for $38.6 million.
HFF represented the seller and worked on behalf of the new owner to secure a fixed-rate acquisition loan in the amount of $27 million, through a life insurance company. Managing Director Brad Peterson and Associate Directors Whitaker Leonhardt and Eric Williams led the investment sales team while Senior Managing Director Chris Drew and Director Scott Wadler led the debt placement team…