Kendall Shopping Center Trades For $2 Million

Thomas Conway, Managing Director at Conway Commercial Real Estate, arranged the sale of a neighborhood shopping center located at 9875 SW 88th Street in Miami, Florida for $2,000.000.
Conway represented the buyer, Natalie Real Estate, LLC, managed by Mr. Samuel Levy and Mr. Amir Hayun, local investors and the seller, a family from Broward County, in the sale of the 10,027-square-foot retail center.
“The property’s location, coupled with an asset that calls to a large investor base required a strong offer with tight terms. 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,” stated Conway.
The off-market transaction, which was 100% occupied at the time of the sale, closed on April 1, 2014.
Conway’s experience includes real estate acquisitions management for major Miami investment firms, including real estate investment research, analysis, and brokerage as well as sourcing and facilitating financing. Prior to launching Conway Commercial Real Estate in March, 2013, Conway served as a risk analyst and client associate for a global financial management and advisory firm, managing over $1 billion in assets.
 
About Conway Commercial Real Estate:  Serving the unique needs of retailers, investors, and developers, Conway Commercial Real Estate’s services and products encompass standalone buildings, community shopping centers, multi-tenant neighborhood centers, and mixed-use retail properties in Miami’s Urban Core and submarkets. The company provides analysis, advisory, and brokerage services for retail and mixed-use properties, offering extensive knowledge of the variables and intricacies in this ever evolving Miami market. For more information, please call 305.507.7096 or visit http://www.conwaycre.com.