MIAMI—Silver Lakes Campus, a 43,380-square-foot mixed-useproperty in Pembroke Pines, FL, has traded hands. Thedistressed commercial real estate asset sold atauction for $6.75 million.

Continental Properties Acquisition Corporation(CPAC), an affiliate of Continental Real EstateCompanies (CREC), acquired the retail-office asset. Thedeal marks the company's ninth distressed commercial real estateasset acquisition in the past three years.

“The Silver Lake Campus is home to strong-performing retailersand medical tenants serving the West Pembroke Pines and SilverLakes community,” says David Moret, principal ofContinental Properties Acquisition Corporation. “Although theproperty has suffered through a bankruptcy, receivership andforeclosure, CPAC is prepared to make the capital investmentsneeded to improve the condition and appearance of the complex andimprove the property's tenancy.”