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Florida & Gulf Coast  + Florida  + Retail  | 

Miami’s Downtown Dadeland Dealt for $47M

Berkadia arranged a $46.97 million loan for the acquisition of Downtown Dadeland, a seven-acre urban retail development in Miami. The property consists of 126,133 square feet of ground floor retail space, 97% occupied by a mix of national, regional and local tenants, along with 416 condo units and more than 500 parking spaces in seven buildings.

Berkadia’s Brad Williamson and Mitch Sinberg arranged the loan on behalf of Miami-based Midtown Capital Partners.

A life company originated an initial $44.57 million loan with a $2.4 million earnout. The 10-year loan was secured with five years’ interest only, and a competitive interest rate with no prepayment after seven years.

Built in 2008 and renovated in 2015, the property is located at 7270 North Kendall Dr. in the “Dadeland Golden Triangle,” a special zoning district established in 1999 to promote density at the convergence of road and transit infrastructure.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition