CB Kendall Mall, Inc. was represented by CBRE Capital MarketsEVP Mike Caprile, EVP George Good and first VP Richard Tarquinio inthe transaction.

Miami Beach-based Terranova Corp. will handle the leasing andmanagement of the property. "This is a great location on KendallDrive. It has super strong demographics, with a huge traffic volumeand great residential population," Terranova chairman StephenBittel tells GlobeSt.com. "Kendall Mall has been the heart of theKendall community for over 30 years, and continues to anchor retailon the street."

The mall was 99% occupied at the time of the sale. It isanchored by a Publix and has the only JC Penney Home Store in SouthFlorida. Other tenants include CVS, Staples, Bally Total Fitness,Party City, Blockbuster, Anna's Linens and Payless Shoe Store.Bittel says rents range from the mid- to high-$30s per sf.