MIAMI—Local investment firm Natalie Real Estate, LLC has acquired the Kendall Shopping Center here for $2 million in an off-market transaction.
The sale of the 10,027-square-foot neighborhood shopping center at 9875 SW 88th St. was announced by Conway Commercial Real Estate. Thomas Conway, managing director of Conway Commercial Real Estate, represented the buyer, Natalie Real Estate, LLC, which is managed by Samuel Levy and Amir Hayun, as well as the seller, a family from Broward County, in the retail property's sale. The shopping center was 100% occupied at the time of the transaction's closing.
“The property's location, coupled with an asset that calls to a large investor base required a strong offer with tight terms,” Conway says. “The sophistication demonstrated by the buyer made the transaction extremely easy for the seller and the end result is a win for both parties. This is a text book value-add play that will undoubtedly serve the area in a very positive way.”
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.