MIAMI—The retail component of Downtown Dadeland, a 127,000-square-foot shopping and dining destination located across Kendall Drive from Dadeland Mall, just traded hands. A joint venture between Duncan Hillsley Capital and Pebb Capital partnered with Canyon Capital Realty Advisors to acquire the asset for $38.9 million.

The buyers have picked Continental Real Estate Companies (CREC) to spearhead leasing and property management for the retail property. Completed in 2009, the retail space is 71% occupied. Tenants include West Elm, Chili’s Bar & Grill, Men’s Wearhouse, and Panera Bread.

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