Limestone Asset Management in a joint venture with Orion Real Estate Group purchased Colonial Palms Plaza, located in the Pinecrest area at 13601–13621 S Dixie Highway, Miami, FL, 33176, for $70 million.
The 188,389-square-foot property encompasses seven buildings and 29 tenants, including Marshalls, HomeGoods, PetSmart, Old Navy, Party City, Five Below, Visionworks, CycleBar, Panera Bread, Miller's Ale House, and more.
Kevin Sanz, president of Orion Real Estate Group, led the buyer group. Eric Williams of JLL represented the seller, MetLife Investment Management. Goldman Sachs is providing financing for the purchase.
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