The affiliate of Coral Gables-based Capital Realty Services Inc. used the proceeds from a $16.67 million loan through Lehman Brothers to acquire the class A office space in five buildings in the Kendall Summit office park, 11400 N. Kendall Drive.

"Fidelity is an excellent partner, but they have short-term investment horizons, and wanted to take their profit and look for other opportunities," Isaac K. Fisher, a principal officer in Capital Realty Services, tells GlobeSt.com. "We, on the other hand, are long-term holders and believe that continued appreciation in market rents will continue to add value to the property."

Over a period of two years in the late 1990s, Fisher and business partner Robert G. Berrin acquired the Kendall Summit properties for about $15 million in a joint venture with Fidelity Investments. Miami businessman Bernard Wolfson developed the site over a four-year period in the late '80s.