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| Jaret Turkell |
MIAMI, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $10.3 million sale of a
0.9-acre development site situated directly across from Dadeland Mall in Miami’s Kendall neighborhood.
HFF marketed the site on
behalf of the seller, Dadeland Building LLC, and procured the buyer, Greystar.
The site is strategically
located at the heart of the Dadeland Golden Triangle near the nexus of U.S. 1,
Kendall Drive, the Palmetto Expressway and Metrorail providing access to all of
Miami-Dade County.
The development potential
for the site is driven by the close proximity of Dadeland Mall and major
employment generators, including Baptist Hospital System and the University of
Miami.
The site will be home to a
newly-built, high-rise seniors housing property, which will be known as
Overture Dadeland. The 216-unit, active
adult (55+) community will be part of Greystar’s growing national Overture™
platform (www.liveoverture.com).
The HFF investment sales
team representing the seller was led by executive managing director Manny de Zárraga, managing director Jaret Turkell and associate director Maurice Habif.
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| Maurice Habif |
HFF’s multi-housing team
continues to be active throughout the State of Florida. During the past 24 months, the team has
closed 25 multi-housing and land transactions in the greater Miami area and
more than 120 transactions throughout the state, including sales, joint
ventures and financings.
”With its central location
within the Dadeland Golden Triangle, one of Miami’s most active and thriving
urban neighborhoods, we feel that the Overture Dadeland is poised to perform
exceptionally well for years to come,” said Habif. “It will serve a true need in this very
desirable submarket.”
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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