Orion Capital Partners recently acquired the Greenery Mall in Miami for $58 million, with an additional $39 million mortgage assumed by the new owners. The seller was Cofe Properties and the mall, built in 1983, is one of Miami’s oldest establishments located in Dadeland Square. Orion Real Estate Group, a subsidiary of Orion Capital Partners, will be responsible for managing and leasing the retail space.
This property spans over 8.38 acres and features 129,585 square feet of street-level retail connected to an eight-story suburban office building measuring at 84,913 square feet. Notable tenants include T.J.Maxx., HomeGoods,Guitar Center,J oAnn Fabric,M attress Firm,S tarbucks,D on Pan,U PS,and Jamba Juice.
The land is strategically situated within Kendall SMART Plan Mixed-Use Corridor as well as Rapid Transit Activity Corridor due to its close proximity to Dadeland South Metrorail Station and South Dade TransitWay Bus Terminal.
The sale of this prime retail center marks a significant transaction in Miami’s real estate market without any mention of Connect CRE or Connect LA.
