Downtown Dadeland Completes New Leases Totaling 33,000 SF

The new ownership group behind Downtown Dadeland’s retail component, a joint venture including Duncan Hillsley Capital and Pebb Capital that acquired the property in August, has completed 33,293 square feet of new leases.
Five new tenants will join the 127,000-square-foot dining and shopping complex located across Kendall Drive from Dadeland Mall.
The new tenants are: Flippin’ Pizza, which will occupy 2,100 square feet beginning this month; Verizon, which will take 6,770 square feet when it opens in November; and sandwich shop Which Wich, set to locate in 1,506 square feet when it opens this December. Next year, Hospital Corporation of America will open a medical office occupying 19,467 square feet and OCC Burger, which will open a 3,450 square foot restaurant next February. The new tenants will join West Elm, Chili’s Bar & Grill, Lime, World of Beer, Men’s Wearhouse, Panera Bread and others.

“Our tenants are the most important ingredient when it comes to creating a lifestyle destination that will be enjoyed by nearby residents who make Downtown Dadeland part of their daily routine,” says Shane Hillsley, Managing Director of Duncan Hillsley Capital. “We’ll be repositioning the property through a new branding campaign, capital improvements, and special events that appeal to families and young professionals in the area.”

The property’s new ownership group is led by Duncan Hillsley Pebb Investments (DHPI), a private investment firm that pursues opportunities across a range of asset classes which lend themselves to maximizing asset value. The group  engaged Continental Real Estate Companies (CREC) to lead leasing and property management for the property.

“Downtown Dadeland offers the best of both worlds – dynamic energy in an urban setting along with easy access to some of Miami’s most desirable residential neighborhoods,” explains Carol Brooks, President and Co-Founder of CREC. “Our tenant mix offers something for everyone, from the perfect cup of coffee and yoga classes, to sidewalk cafes and some of the liveliest Happy Hour events in town.”

The 7.5-acre property enjoys close proximity to Miami-Dade’s Metrorail system, major thoroughfares including US-1 and the Palmetto Expressway.
 

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